Working Paper 05-07 - Growth and Productivity in Belgium

Bernadette Biatour, Jeroen Fiers, Chantal Kegels and Bernhard Klaus Michel

Working Papers from Federal Planning Bureau, Belgium

Abstract: The objective of this report is to provide an overview of the main drivers of economic growth and productivity evolution in Belgium between 1970 and 2004, based on a consistent data set. The growth accounting methodology is applied to explain value added and labour productivity growth for 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 capital stock to measure the contribution of capital factor to production growth. Contributions of the main industries to value added, employment and productivitygrowth 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: 2007-03-16
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