Economic Growth in Europe
A Comparative Industry Perspective

This book provides a thorough and detailed analysis of economic growth in Europe from a comparative industry perspective.

Marcel P. Timmer (Author), Robert Inklaar (Author), Mary O'Mahony (Author), Bart van Ark (Author)

9781107412446, Cambridge University Press

Paperback / softback, published 3 January 2013

312 pages
22.9 x 15.2 x 1.7 cm, 0.42 kg

'This is a major contribution to the analysis of recent European productivity performance. It shows the value of an in-depth treatment at the industry level. The authors offer a clear and authoritative discussion of the reasons for the post-1995 productivity slowdown. All serious students of European economic growth should read this book.' Nicholas Crafts, University of Warwick

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.

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.

Subject Areas: Economic growth [KCG], Economics [KC], Economics, finance, business & management [K], Politics & government [JP]