Working Paper 06-15 - Labour productivity growth in Belgium - Long-term trend decline and possible actions

Bernadette Biatour and Chantal Kegels

Working Papers from Federal Planning Bureau, Belgium

Abstract: The paper analyses the long-term trend of Belgian economic growth and the more recent evolution of labour productivity including the impact of the crisis. It identifies the causes of declining trend of productivity gains by analysing the structural changes in the economy and by applying the growth accounting methodology on industry-level data. Finally, possible policy actions are detailed which minimise the negative short term impact on aggregate demand while maximising the positive effect on labour productivity growth.

JEL-codes: C82 D24 O11 O33 O47 (search for similar items in EconPapers)
Date: 2015-10-02
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Persistent link: https://EconPapers.repec.org/RePEc:fpb:wpaper:201506

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