Economic growth in Europe : a comparative industry perspective / Marcel P. Timmer [and others].
̀This book instantly becomes the new Bible of post-war European economic growth. It so fully absorbs and moves beyond previous contributions that there is no need to read anything else. It poses a new paradox of productivity growth - since Europeans use all the same electronic devices as Americans d...
Cambridge ; New York :
Cambridge University Press,
|Series:||Cambridge books online.
|Summary:||̀This book instantly becomes the new Bible of post-war European economic growth. It so fully absorbs and moves beyond previous contributions that there is no need to read anything else. It poses a new paradox of productivity growth - since Europeans use all the same electronic devices as Americans do, from bar-code scanners, to smart phones, to laptops, why have European economies failed to use this cornucopia of an electronic revolution as the US has succeeded in doing? The answers dig deep into differences not just between the US and Europe, but more importantly between northern and southern Europe. The book is a triumph and will be the starting place for all future research.' Robert J. Gordon, Stanley G. Harris Professor in the social sciences, Northwestern University.|
̀This is a terrific new study of economic growth in Europe by a really first-rate group of researchers. The findings are highly significant: investments in information technology and the increase in human capital have both contributed to growth in Europe, but neither factor explains why productivity growth has slowed so much in the region. Instead, the authors point to a slowdown in the efficiency with which factors of production are used (MFP) and particularly the weak productivity performance in service industries in Europe compared to those in the United States economy. Economists and policymakers should take note and learn from this important book.' Martin Neil Baily, Schwartz Chair in Economic studies at the Brookings institution and former Chair of the Council of Economic Advisers.
̀Productivity growth is both critical to our welfare, yet mysterious to understand. This book tackles the puzzie of why European countries stopped catching up with America after the mid 1990s with verve and rigour. It is comprehensive, data-intensive and an incredibly impressive feat-a must-read for anyone who is seriously interested in how European countries should reform to take advantage of the growth of new technologies and the service sector.' John Van Reenen, Professor of Economics and Director of the Centre for Economic Performance, London School of Economics and Political Science.
̀This is a major contribution to the analysis of recent European productivity performance. It shows the value of an in-depth treatment at the industry level. The authors offer a clear and authoritative discussion of the reasons for the post-1995 productivity slowdown. All serious students of European economic growth should read this book.' Nicholas Crafts, Professor of Economic History, University of Warwick --Book Jacket.
|Physical Description:||1 online resource (xvii, 292 pages) : illustrations.|
|Bibliography:||Includes bibliographical references (pages 268-288) and index.|