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Industrial Productivity in Europe

Industrial Productivity in Europe

Growth and Crisis
Edited by Matilde Mas, University of Valencia and Valencian Institute of Economic Research (Ivie), Spain and Robert Stehrer, The Vienna Institute for International Economic Studies (wiiw), Austria
This book analyzes growth at the total economy and industry level from an international perspective, providing unique cross-country comparisons.

The authors focus on the EU-25 countries but also include the US, Japan and Korea. The chapters explore growth patterns from a long-run perspective, although greater attention is paid to the period of expansion from 1995–2007 and the post 2008 period of crisis. Each contribution builds on a common methodology based on a detailed database providing a high degree of disaggregation with respect to the industries and factors accounting for growth. The role played by ICT is expertly emphasized, in particular the different paths followed in the US and the EU.

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Extent: 496 pp
Hardback Price: $205.00 Web: $184.50
Publication Date: 2012
ISBN: 978 0 85793 209 9
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This book analyses growth at the total economy and industry level from an international perspective, providing unique cross-country comparisons.

The authors focus on the EU-25 countries but also include the US, Japan and Korea. The chapters explore growth patterns from a long-run perspective, although greater attention is paid to the period of expansion from 1995–2007 and the post 2008 period of crisis. Each contribution builds on a common methodology based on a detailed database providing a high degree of disaggregation with respect to the industries and factors accounting for growth. The role played by ICT is expertly emphasized, in particular the different paths followed in the US and the EU.

This topical book will prove to be an unrivalled source of comparative data for academics, practitioners and policymakers alike.

Contributors

Contributors: H. Creusen, P. Esposito, K. Fukao, M. Gornig, B. Görzig, H.-O. Hagén, P. Havlik, M.S. Ho, R. Inklaar, D.W. Jorgenson, C. Kegels, H.J. Kim, M. Landesmann, S. Leitner, M. Mas, C. Milana, T. Miyagawa, L. Nayman, M. O’Mahony, N. Oulton, M. Peneder, H.K. Pyo, K.H. Rhee, A. Rincón-Aznar, J.D. Samuels, L. Serrano, R. Stehrer, M.P. Timmer, B. van Ark, E. van der Pijll, H. van der Wiel, G. van Leeuwen

Contents

Contents:

Introduction
Matilde Mas and Robert Stehrer

PART I: OVERVIEW
1. Productivity in the Advanced Countries: From Expansion to Crisis
Matilde Mas

2. Information Technology and US Productivity Growth: Evidence from a Prototype Industry Production Account
Dale W. Jorgenson, Mun S. Ho and Jon D. Samuels

3. Europe’s Productivity Performance in Comparative Perspective: Trends, Causes and Recent Developments
Bart van Ark, Mary O’Mahony and Marcel P. Timmer

PART II: COUNTRY CHAPTERS
4. Productivity Transitions in Large Mature Economies: France, Germany and the UK
Bernd Görzig, Martin Gornig, Laurence Nayman and Mary O’Mahony

5. Productivity Performance in Three Small European Countries: Austria, Belgium and the Netherlands
Chantal Kegels, Michael Peneder and Henry van der Wiel

6 Spain and Italy: Catching-up and Falling Behind – Two Different Tales of Productivity Slowdown
Matilde Mas, Carlo Milana and Lorenzo Serrano

7. Growth in the Nordic Market Economy
Hans-Olof Hagén

8 Growth Resurgence, Productivity Catching-up and Labour Demand in Central and Eastern European Countries
Peter Havlik, Sebastian Leitner and Robert Stehrer

9. Estimates of Total Factor Productivity, the Contribution of ICT, and Resource Reallocation Effects in Japan and Korea
Kyoji Fukao, Tsutomu Miyagawa, Hak Kil Pyo and Keun Hee Rhee

PART III: SPECIFIC TOPICS
10. Rates of Return and Alternative Measures of Capital Input: 14 Countries and Ten Branches, 1971–2005
Nicholas Oulton and Ana Rincón-Aznar

11. Productivity Convergence Across Industries and Countries: The Importance of Theory-based Measurement
Robert Inklaar and Marcel P. Timmer

12. Skills and the Competitiveness of EU Manufacturing Industries
Michael Landesmann and Robert Stehrer

13. The Effects of High-tech Capital, FDI and Outsourcing on Demand for Skills in West and East
Piero Esposito and Robert Stehrer

14. The Dutch Productivity Performance: Cross Your Border and Look Around
Henry van der Wiel, Harold Creusen, George van Leeuwen and Eugene van der Pijll

15. International Comparison of Productivity in Market Services: Korea with EU KLEMS Member Countries
Hyun Jeong Kim and Hak Kil Pyo

Index