Working Paper 17-08 - Growth and Productivity in Belgium

Bernadette Biatour and Chantal Kegels

Working Papers from Federal Planning Bureau, Belgium

Abstract: The objective of the report is to provide an overview of the main drivers of economic growth and the productivity evolution in Belgium, in comparison with the EU and the US, between 1970 and 2005, based on a consistent data set. The growth accounting methodology is applied to explain value added and labour productivity growth for the total economy, manufacturing and market services. This decomposition exercise diverges from what has been applied in Belgium up to now, as it uses capital services flows rather than the capital stock and labour services flows rather than the number of hours worked to measure the contribution of these factors of production to economic and productivity growth. Contributions of the main industries to value added, employment and productivity growth are also estimated.

Keywords: Growth accounting; Growth contribution; Productivity; MFP; ICT (search for similar items in EconPapers)
JEL-codes: O11 O33 O40 O47 (search for similar items in EconPapers)
Date: 2008-09-29
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