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Divergences in Productivity Between Europe and the United States

Editor

Listed:
  • Gilbert Cette
  • Michael Fouquin
  • Hans-Werner Sinn
Abstract
In the 1990s, labour productivity growth accelerated in the United States, yet slowed down in other industrialised countries, reversing a three decade long tendency of convergence. The book explores this phenomenon. It first identifies the methodological and statistical problems involved in measuring productivity and making cross-country comparisons in this area. Then the role of factor accumulation for the diverging trends across the OECD world, with a particular focus on the dispersion of information and communication technology (ICT), is reviewed. In-depth studies of single countries provide further insights regarding growth trends in the United States, Japan, Germany, and France. Finally, empirical investigations regarding the determinants of productivity growth at an international level complement the analyses. The results stress that public infrastructure and education, employment rates and working hours, and ICT spending play an important role in explaining the existing differences in levels and changes of productivity.

Suggested Citation

  • Gilbert Cette & Michael Fouquin & Hans-Werner Sinn (ed.), 2007. "Divergences in Productivity Between Europe and the United States," Books, Edward Elgar Publishing, number 12971.
    • Handle: RePEc:elg:eebook:12971
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    File URL: http://www.e-elgar.com/shop/isbn/9781847206411
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    Citations

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    Cited by:

    1. Alexander Schiersch & Heike Belitz & Martin Gornig, 2015. "Why is TFP growth sectorally concentrated?," Applied Economics, Taylor & Francis Journals, vol. 47(55), pages 5933-5944, November.
    2. Clément Bosquet & Michel Fouquin, 2008. "Productivité du travail : la fin du processus de convergence ?," Économie et Statistique, Programme National Persée, vol. 419(1), pages 125-142.
    3. Marianna Belloc & Paolo Guerrieri, 2015. "Impact of ICT diffusion and adoption on sectoral industrial performance: evidence from a panel of European countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 32(1), pages 67-84, April.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • L0 - Industrial Organization - - General
    • D0 - Microeconomics - - General

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