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Productivity growth in Europe and the US: a Sectoral Study

O'Mahoney, Mary A., Rincon-Anzar, Ana, Robinson, Catherine (2010) Productivity growth in Europe and the US: a Sectoral Study. Reveiw of Economics and Institutions, 1 (1). ISSN 2038-1379. (doi:10.5202/rei/v1i1.5) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.5202/rei/v1i1.5

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.

Item Type: Article
DOI/Identification number: 10.5202/rei/v1i1.5
Uncontrolled keywords: productivity, growth, service sectors
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > Kent Business School > International Business and Strategy
Depositing User: Tracey Pemble
Date Deposited: 10 Apr 2014 13:20 UTC
Last Modified: 06 Feb 2020 04:09 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/39149 (The current URI for this page, for reference purposes)
Robinson, Catherine: https://orcid.org/0000-0001-8861-4880
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