The Resource Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao
Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao
Resource Information
The item Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor, increased the labor intensity of growth and, thus, reduced the rate of capital deepening. Technological shocks seem to have played a minor role in explaining slower productivity growth in the euro area. In addition, a surge in capital deepening and, mainly, TFP growth in key service industries in the United States explain a large part of the productivity growth gap between the two regions in the second half of the 1990s
- Language
- eng
- Extent
- 1 online resource (35 pages)
- Note
-
- "October 2004."
- At head of title: European Department
- Contents
-
- ""Contents""; ""I. INTRODUCTION""; ""II. GDP PER CAPITA AND PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES""; ""III. LABOR PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES USING INDUSTRY- LEVEL DATA""; ""IV. STRUCTURAL LABOR MARKET CHANGES AND CAPITAL DEEPENING""; ""V. FINAL REMARKS""; ""REFERENCES""
- Isbn
- 9781451860191
- Label
- Why is productivity growth in the Euro area so sluggish?
- Title
- Why is productivity growth in the Euro area so sluggish?
- Statement of responsibility
- prepared by Marcello M. Estevao
- Language
- eng
- Summary
- Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor, increased the labor intensity of growth and, thus, reduced the rate of capital deepening. Technological shocks seem to have played a minor role in explaining slower productivity growth in the euro area. In addition, a surge in capital deepening and, mainly, TFP growth in key service industries in the United States explain a large part of the productivity growth gap between the two regions in the second half of the 1990s
- Action
- digitized
- Cataloging source
- OCLCE
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Estevão, Marcello M
- Index
- no index present
- LC call number
- HG3881.5.I58
- LC item number
- W67 no.04/200 ONLINE
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
- International Monetary Fund
- Series statement
- IMF Working Paper,
- Series volume
- WP/04/200
- http://library.link/vocab/subjectName
-
- Industrial productivity
- Labor productivity
- Wages
- Industrial productivity
- Labor productivity
- Wages
- Europe
- Label
- Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao
- Note
-
- "October 2004."
- At head of title: European Department
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- black and white
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- ""Contents""; ""I. INTRODUCTION""; ""II. GDP PER CAPITA AND PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES""; ""III. LABOR PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES USING INDUSTRY- LEVEL DATA""; ""IV. STRUCTURAL LABOR MARKET CHANGES AND CAPITAL DEEPENING""; ""V. FINAL REMARKS""; ""REFERENCES""
- Control code
- 647022166
- Dimensions
- unknown
- Extent
- 1 online resource (35 pages)
- Form of item
- online
- Isbn
- 9781451860191
- Issn
- 2227-8885
- Level of compression
-
- lossless
- lossy
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451905557.001
- Reformatting quality
-
- preservation
- access
- Reproduction note
- Electronic reproduction.
- Specific material designation
- remote
- System control number
-
- imfWPIEA2002004
- (IMF)WPIEA2002004
- (OCoLC)647022166
- System details
- Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
- Label
- Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao
- Note
-
- "October 2004."
- At head of title: European Department
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- black and white
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- ""Contents""; ""I. INTRODUCTION""; ""II. GDP PER CAPITA AND PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES""; ""III. LABOR PRODUCTIVITY GROWTH IN THE EURO AREA AND IN THE UNITED STATES USING INDUSTRY- LEVEL DATA""; ""IV. STRUCTURAL LABOR MARKET CHANGES AND CAPITAL DEEPENING""; ""V. FINAL REMARKS""; ""REFERENCES""
- Control code
- 647022166
- Dimensions
- unknown
- Extent
- 1 online resource (35 pages)
- Form of item
- online
- Isbn
- 9781451860191
- Issn
- 2227-8885
- Level of compression
-
- lossless
- lossy
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451905557.001
- Reformatting quality
-
- preservation
- access
- Reproduction note
- Electronic reproduction.
- Specific material designation
- remote
- System control number
-
- imfWPIEA2002004
- (IMF)WPIEA2002004
- (OCoLC)647022166
- System details
- Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Why-is-productivity-growth-in-the-Euro-area-so/HeJk0bFJzrc/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Why-is-productivity-growth-in-the-Euro-area-so/HeJk0bFJzrc/">Why is productivity growth in the Euro area so sluggish?, prepared by Marcello M. Estevao</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
