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Productivity Growth in Europe and the US: a Sectoral Study

Author

Listed:
  • Mary O’Mahony

    (University of Birmingham, NIESR London)

  • Ana Rincón-Aznar

    (NIESR London)

  • Catherine Robinson

Abstract

This paper describes recent trends in productivity growth in the EU and the US. By adopting a sectoral perspective, we achieve a deeper understanding of the compositional patterns of aggregate growth and shed light on the reasons why the EU productivity has lagged behind the US during the period 1995-2007. This may be of use for policy makers in order to design policies to close the gap. Whilst our findings indicate that performance in manufacturing sectors of many EU countries has been strong, we observe notable disadvantages in relation to productivity performance of key market service sectors. Restrictions in product and labour markets prevailing in many EU countries have been put forward as potential factors causing poor productivity; research shows that these can have particular harmful effects in services sectors given their large size and inter-linkages to other sector of the economy.

Suggested Citation

  • Mary O’Mahony & Ana Rincón-Aznar & Catherine Robinson, 2010. "Productivity Growth in Europe and the US: a Sectoral Study," Review of Economics and Institutions, Università di Perugia, vol. 1(1).
  • Handle: RePEc:pia:review:v:1:y:2010:i:1:n:5
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    Citations

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    Cited by:

    1. Roberto Martino & Phu Nguyen-Van, 2014. "Labour market regulation and fiscal parameters: A structural model for European regions," Working Papers of BETA 2014-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Kox, Henk L.M. & van Leeuwen, George, 2013. "Market selection and scale inefficiency – A new methodology applied to EU business services," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 77-94.
    3. Martino, Roberto, 2015. "Convergence and growth. Labour productivity dynamics in the European Union," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 186-200.
    4. Kox, Henk L.M. & Leeuwen, George van, 2011. "Measuring dynamic market selection by persistent scale inefficiencies - new methodology applied to EU business services," MPRA Paper 34986, University Library of Munich, Germany.
    5. Kox, Henk L.M. & Leeuwen, George van, 2012. "Dynamic market selection in EU business services," MPRA Paper 41016, University Library of Munich, Germany.

    More about this item

    Keywords

    productivity; growth; service sectors;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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