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In Search of the Silver Bullet for Productivity Growth: A Review Article of The Power of Productivity and Transforming the European Economy

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  • Bart van Ark

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Abstract

This article reviews The Power of Productivity by William W. Lewis and Transforming the European Economy by Martin Neil Baily and Jacob Funk Kirkegaard. While Lewis postulates a single silver bullet for productivity growth, namely the freedom of consumers, Baily and Kirkegaard advocate a broader package of measures. Despite what the reviewer feels is inadquate attention give by both volumes to innovation and education -- two areas that are generally felt to be very important in terms of productivity -- these books are sure to be seen as two of the major contributions to the debate on productivity and growth around the turn of the century.

Suggested Citation

  • Bart van Ark, 2005. "In Search of the Silver Bullet for Productivity Growth: A Review Article of The Power of Productivity and Transforming the European Economy," International Productivity Monitor, Centre for the Study of Living Standards, vol. 10, pages 79-86, Spring.
  • Handle: RePEc:sls:ipmsls:v:10:y:2005:6
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    References listed on IDEAS

    as
    1. Lecat, R., 2004. "Productivité du travail des grands pays industrialisés : la fin du rattrapage des États-Unis ?," Bulletin de la Banque de France, Banque de France, issue 121, pages 47-67.
    2. Edward C. Prescott, 2004. "Why do Americans work so much more than Europeans?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Jul, pages 2-13.
    3. Etienne Wasmer, 1999. "Changements de composition de la force de travail. Implications pour les salaires et le chômage," Économie et Prévision, Programme National Persée, vol. 138(2), pages 77-87.
    4. Nadim Ahmad & François Lequiller & Pascal Marianna & Dirk Pilat & Paul Schreyer & Anita Wölfl, 2003. "Comparing Labour Productivity Growth in the OECD Area: The Role of Measurement," OECD Science, Technology and Industry Working Papers 2003/14, OECD Publishing.
    5. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
    6. Dirk Pilat & Paul Schreyer, 2003. "Measuring productivity," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 127-170.
    7. Gilbert Cette & Jacques Mairesse & Yussuf Kocoglu, 2000. "La mesure de l'investissement en technologies de l'information et de la communication : quelques considérations méthodologiques," Économie et Statistique, Programme National Persée, vol. 339(1), pages 73-91.
    8. Edmond Malinvaud, 1973. "Une explication de l'évolution de la productivité horaire du travail," Économie et Statistique, Programme National Persée, vol. 48(1), pages 46-50.
    9. Cette, G. & Strauss-Kahn, M-O., 2003. "Productivité horaire et PIB par tête aux États-Unis et en France — Comparaisons et recommandations," Bulletin de la Banque de France, Banque de France, issue 120, pages 39-58.
    10. François Magnien, 2003. "Mesurer l'évolution des prix des services de téléphonie mobile : une entreprise difficile," Économie et Statistique, Programme National Persée, vol. 362(1), pages 3-31.
    11. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Productivity; Education; Innovation; Consumers; Book Review; Productivity Growth;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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