Comments on "European Productivity Growth Since 2000 and Future Prospects"

Pascal Petit ()

International Productivity Monitor, 2013, vol. 25, 84-87

Abstract: These comments provide historical and institutional context for the article “European Productivity Growth Since 2000 and Future Prospects”, by Bart Van Ark, Vivian Chen and Kirsten Jäger. They identify and discuss the “financialization” phenomenon whereby easy and creative finance led to speculative booms and busts in a number of countries such as Spain. Labour market reform in Germany, which improved that country’s competitiveness and increased resilence to recessions, is also discussed.

Date: 2013
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