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Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level

Author

Listed:
  • Stefano Scarpetta
  • Andrea Bassanini
  • Dirk Pilat
  • Paul Schreyer

Abstract

This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical capital. The paper suggests wide (and growing) disparities in GDP per capita growth, while differences in labour productivity have remained broadly stable. These patterns are explained by different employment growth rates across countries. In the most recent years, a rise in MFP growth in ICT-related industries has boosted aggregate growth in some countries (e.g. the United States) ... Cette étude examine les performances en matière de croissance dans les pays de l’OCDE durant les deux dernières décennies. Une attention est tout particulièrement donnée à la productivité du travail, en tenant compte de l’accroissement du capital humain, et de la productivité multifactorielle (PMF), en tenant compte des changements dans la composition et la qualité du capital physique. L’étude suggère des disparités importantes (et en augmentation) dans les taux de croissance du PIB par habitant, alors que les différences dans les taux de croissance de la productivité du travail sont demeurées généralement stables. Des taux d’accroissement de l’emploi très variés sont à la base de ces différences. Durant ces dernières années, une hausse du taux d’accroissement de la productivité multifactorielle dans les industries liées aux technologies de l’information et des communications a accru la croissance globale dans certains pays (ex. les États-Unis) ...

Suggested Citation

  • Stefano Scarpetta & Andrea Bassanini & Dirk Pilat & Paul Schreyer, 2000. "Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level," OECD Economics Department Working Papers 248, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:248-en
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    File URL: http://dx.doi.org/10.1787/843888182178
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    Keywords

    croissance économique; economic growth; human capital; investissement; investment; productivity; productivité; capital humain;

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • 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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