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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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    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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