ICT and Productivity Growth in Europe: An Update and Comparison with the US

2013 ◽  
Author(s):  
Mary O’Mahony ◽  
Marcel Timmer ◽  
Bart van Ark
Keyword(s):  
Productivity Growth ◽  
The Us

Growth and Productivity Accounts from EU KLEMS: An Overview

2007 ◽  
Vol 200 ◽  
pp. 64-78 ◽  
Author(s):  
Marcel P. Timmer ◽  
Mary O'Mahony ◽  
Bart van Ark
Keyword(s):  
Productivity Growth ◽  
Data Sources ◽  
Preliminary Results ◽  
Eu Countries ◽  
The Us ◽  
Eu And Us ◽  
The Eu

This paper gives an overview of the construction of and preliminary results from the EU KLEMS database which contains industry estimates of output, input and productivity growth for EU countries. The paper begins with a discussion of methodology and data sources covering output and intermediates, capital and labour services. The content and scope of the database is then briefly described. This is followed by a discussion of preliminary results focusing on comparisons between the EU and US. These confirm the relatively poor productivity performance of the EU relative to the US since the mid-1990s, mostly driven by low productivity growth in market services.

scholarly journals Fading Stars

2019 ◽  
Vol 109 ◽  
pp. 312-316 ◽  
Author(s):  
GermÁn GutiÉrrez ◽  
Thomas Philippon
Keyword(s):  
Productivity Growth ◽  
The Past ◽  
Us Economy ◽  
The Us ◽  
Over Time

We study the evolution of superstar firms in the US economy over the past 60 years. Contrary to common wisdom, superstar firms have not become larger or more productive but have become more profitable. The contribution of star firms to aggregate US productivity growth has fallen over time, from about 72 basis points per year before 2000 down to about 43 afterwards.

The New British Economy

2001 ◽  
Vol 177 ◽  
pp. 70-84 ◽  
Author(s):  
Richard Kneller ◽  
Garry Young
Keyword(s):  
Labour Market ◽  
Productivity Growth ◽  
Similar Rate ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
British Economy ◽  
The Us ◽  
Improved Performance ◽  
To Come ◽  
The Unemployed

The British economy has performed well since the recession of the early 1990s. How much of this is due to the revolution in information and communications technology (ICT)? We find that the stock of computing equipment has grown at a similar rate to that seen in the US, but there appears to have been no similar ICT-induced pick-up in productivity growth. We suggest that any underlying improvement in productivity growth has been obscured by a slowdown in manufacturing and by the need for the unemployed to be absorbed into employment. We find no evidence yet of any clear effect of ICT on pricing and suggest that any benefit of greater competition is likely to come about by encouraging productivity growth rather than by reducing margins. We argue that the main cause of Britain's improved performance lies in the labour market. Looking forward, we are optimistic that the benefits of ICT will become more apparent as the factors that have obscured it become less important.

scholarly journals Effects of Terms of Trade Gains and Tariff Changes on the Measurement of US Productivity Growth

2013 ◽  
Vol 5 (1) ◽  
pp. 59-93 ◽  
Author(s):  
Robert C Feenstra ◽  
Benjamin R Mandel ◽  
Marshall B Reinsdorf ◽  
Matthew J Slaughter
Keyword(s):  
Information Technology ◽  
Productivity Growth ◽  
Alternative Explanation ◽  
Terms Of Trade ◽  
The Us ◽  
Price Movements ◽  
Tariff Reductions ◽  
Upward Biases

The acceleration in US productivity growth since 1995 is often attributed to declining prices for information technology (IT) goods, and therefore enhanced productivity growth in that sector. We investigate an alternative explanation for these IT price movements: gains in the US terms of trade and tariff reductions, especially for IT products, which led to greater gains than shown by official indexes. We do not, however, investigate the indexes used to deflate the domestic absorption components of GDP, and if upward biases are present in those indexes that could offset some of the effects of mismeasured export and import indexes. (JEL C43, E23, F13, F14, J24)

scholarly journals Americans Do IT Better: US Multinationals and the Productivity Miracle

2012 ◽  
Vol 102 (1) ◽  
pp. 167-201 ◽  
Author(s):  
Nicholas Bloom ◽  
Raffaella Sadun ◽  
John Van Reenen
Keyword(s):  
Productivity Growth ◽  
Information Technologies ◽  
Management Practices ◽  
Firm Level ◽  
European Firm ◽  
The Us

US productivity growth accelerated after 1995 (unlike Europe's), particularly in sectors that intensively use information technologies (IT). Using two new micro panel datasets we show that US multinationals operating in Europe also experienced a “productivity miracle.” US multinationals obtained higher productivity from IT than non-US multinationals, particularly in the same sectors responsible for the US productivity acceleration. Furthermore, establishments taken over by US multinationals (but not by non-US multinationals) increased the productivity of their IT. Combining pan-European firm-level IT data with our management practices survey, we find that the US IT related productivity advantage is primarily due to its tougher “people management” practices. (JEL D24, E23, F23, M10, M16, O30)

scholarly journals Research, technology frontier and productivity growth

2015 ◽  
Vol 65 (1) ◽  
pp. 69-89
Author(s):  
Patricio Pérez ◽  
Marta Bengoa ◽  
Adolfo Fernández
Keyword(s):  
Productivity Growth ◽  
Research Effort ◽  
The United States ◽  
Alternative Definition ◽  
Research Technology ◽  
The Us ◽  
Country Differences ◽  
Definition Of ◽  
The Empirical Analysis ◽  
Technology Growth

This paper uses the Jones (1995) framework to examine the contribution of imitation activities and innovative research effort on productivity growth for the US and some European leading economies. We carry out a comparative analysis for the last 50 years, with two model specifications, assuming country differences in the parameters associated with R&D effort. In the first one, the technological frontier position is determined by the country with the highest productivity, the United States. Alternatively, in the second specification, we alter the definition of the technological frontier, allowing it to transcend the leader. The empirical analysis leads to very different outcomes. The first specification estimation, using GMM techniques, indicates that American researchers are more technology growth enhancing than their European counterparts. In contrast, the results obtained for the second, using Kalman’s filter, show that when using an alternative definition of technological frontier, it is possible to observe a boost in innovation that reduces the dispersion among countries. Then, the leading European countries can take advantage; in this case, Germany exhibits the best performance, followed by the US.

Sign in / Sign up

Export Citation Format

Share Document