Labor productivity: a comparative analysis of the European Union and United States, for the period 1994-2007

Rafael Fernández and Enrique Palazuelos

Working Papers from Political Economy Research Institute, University of Massachusetts at Amherst

Abstract: This Working Ppaer confirms that labor productivity in the European economies has continued to slow down in recent years. U.S. productivity growth has been higher than in the EU, but only since 2001. At the same time, both economies have modified previous employment performance: EU employment growth is now higher than in U.S. This article proposes that productivity growth be explained by demand dynamics, and investment in particular, not forgetting the influence of employment, along with other factors such as new technologies.

Keywords: Labor Productivity; Demand; Employment; Labor Markets; Economic Sectors (search for similar items in EconPapers)
JEL-codes: E20 O43 O51 O52 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-eec and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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