Why has European growth slowed down since the 1990s while American productivity growth has speeded up? This book provides a thorough and detailed analysis of the sources of growth from a comparative industry perspective. It argues that Europe's slow growth is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on rich new databases including the EU KLEMS growth accounting database and provides detailed background of the data construction. As such, the book provides new methodological perspectives and serves as a primer on the use of data in economic growth analysis. More generally, it illustrates to the research and policy community the benefits of analysis based on detailed data on the sources of economic growth.
Sprache
Verlagsgruppe
Cambridge University Press (Virtual Publishing)
Zielgruppe
Illustrationen
ISBN-13
978-0-511-76270-3 (9780511762703)
Schweitzer Klassifikation
Autor*in
Rijksuniversiteit Groningen, The Netherlands
Marcel Timmer is Professor of Economic Growth and Development, and Director of the Groningen Growth and Development Centre (GGDC) at the University of Groningen.
Rijksuniversiteit Groningen, The Netherlands
Robert Inklaar is Assistant Professor in the Department of International Economics and Business at the University of Groningen.
University of Birmingham
Mary O'Mahony is Professor of International Industrial Economics at Birmingham Business School at the University of Birmingham.
Rijksuniversiteit Groningen, The Netherlands
Bart van Ark is Chief Economist of the Conference Board, New York, and Professor of Economic Development, Technological Change and Growth at the University of Groningen.
List of figures; List of tables; Preface and acknowledgments; 1. Introduction and overview; 2. Economic growth in Europe; 3. EU KLEMS database; 4. Structural change; 5. The industry origins of aggregate growth; 6. Productivity levels and convergence; 7. Drivers of productivity growth in Europe; References; Author index; Subject index.
