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Die Ursachen der transatlantischen Produktivitätswachstumsunterschiede

Author

Listed:
  • Besch Rudolf

    (DekaBank, Abteilung Volkswirtschaft, Mainzer Landstraße 16 (Trianon), D – 60325 Frankfurt am Main)

  • Zimmermann Guido

    (Wiesenbornweg 2, 63150 Frankfurt)

Abstract

This paper gives a survey on the causes of the divergence in productivity growth rates between the U.S. and Europe in the last 15 years. It is shown that Europe’s lag in productivity growth can be traced to relative lower productivity growth in the service sector. This is due to over-regulated goods, capital, land, and labor markets. Although there is a consensus that in the long run no relationship exists between productivity growth and labor market performance, in terms of policy, well-specified labor market reforms are recommended to increase productivity growth in Europe. For labor market reforms are a necessary complement for productivity-enhancing product market reforms.

Suggested Citation

  • Besch Rudolf & Zimmermann Guido, 2006. "Die Ursachen der transatlantischen Produktivitätswachstumsunterschiede," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 55(1), pages 70-91, April.
    • Handle: RePEc:lus:zwipol:v:55:y:2006:i:1:p:70-91:n:5
    DOI: 10.1515/zfwp-2006-0105
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    Cited by:

    1. Hartwig Jochen, 2006. "Messprobleme bei der Ermittlung des Wachstums der Arbeitsproduktivität - dargestellt anhand eines Vergleichs der Schweiz mit den USA / Measurement Problems with Respect to Labour Productivity Growth -," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 226(4), pages 418-435, August.

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