Issue 2

ABSTRACT: This report presents the second description of results obtained from the first release of the EU KLEMS Growth and Productivity Accounts, which have been released in March 2008.The EU KLEMS database includes measures of economic growth, productivity, employment creation and capital formation at the industry level for European Union member states, Japan and the United States from 1970 onwards. This work will provide an important input to academic research on sources of economic performance and on policy evaluation, for example for the assessment of the goals concerning competitiveness and economic growth potential as established by the Lisbon agenda. While the output measures are provided at industry level, the input measures will include various categories of capital (such as ICT versus non-ICT), labour (such as skill decomposition) and a breakdown of energy, material and service inputs. Productivity measures have been developed on the basis of growth accounting techniques.

This productivity report provides summary results for individual countries as well as for the EU as a whole from 1970 to 2005 as far as the output and labour productivity estimates are concerned. Estimates for the new member states of the EU have been added for the period since 1995.The growth accounts relate to the period 1980-2005, and only cover a limited number of the countries from the EU-15, and include another five new member states since 1995.

The sections, which are prepared by individual consortium members, provide a short overview of major trends on output and productivity growth at the aggregate level, main developments on labour productivity at sector and industry level, a discussion of the contributions to output growth from of capital, labour and (multi factor) productivity growth, and a brief discussion of specific topics that deserve attention.

In addition to the country reports, the report begins with a brief overview of the main developments for the European Union as a whole and ends with a contribution piece from the European Commission services (DG ECFIN) on the relevance of this work for policy analysis and a technical overview of the content of the database.

AUTHORS: Bart van Ark and Pieter Woltjer

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Available at: Groningen Growth and Development Centre
Journal: EU KLEMS Working Paper Series, Productivity Report No. 2
DOI:
Get PDF: “The EU KLEMS Productivity Report”

Cite

MLA Van Ark, Bart, and Pieter Woltjer. The EU KLEMS Productivity Report, Issue 2. Groningen Growth and Development Centre, University of Groningen, December (2008).
APA Van Ark, B., & Woltjer, P. (2008). The EU KLEMS Productivity Report, Issue 2. Groningen Growth and Development Centre, University of Groningen, December.
Chicago Van Ark, Bart, and Pieter Woltjer. The EU KLEMS Productivity Report, Issue 2. Groningen Growth and Development Centre, University of Groningen, December (2008).
Harvard Van Ark, B. and Woltjer, P., 2008. The EU KLEMS Productivity Report, Issue 2. Groningen Growth and Development Centre, University of Groningen, December.
Vancouver Van Ark, B., Woltjer, P. The EU KLEMS Productivity Report, Issue 2. Groningen Growth and Development Centre, University of Groningen; 2008 Dec.

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