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Explaining the US–EU productivity growth gap: Structural change vs. intra-sectoral effect |
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| Authors: | Joaquín Maudos Jos Manuel Pastor Lorenzo Serrano |
| Institution: | aInstituto Valenciano de Investigaciones Económicas (Ivie), c/ Guardia Civil, 22, Esc. 2a, 1°, 46020 Valencia, Spain;bUniversitat de València, Departamento de Análisis Económico, Edificio Departamental Oriental, Avda. de los Naranjos, s/n; 46022 Valencia, Spain |
| Abstract: | This paper proposes a decomposition of labour productivity growth in the EU15 and the the US since the mid 1990s. The results suggest that the EU's relative slowdown is due to modest “pure” gains of productivity within sectors. |
| Keywords: | Productivity growth Shift-share analysisJEL classification: O47 |
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