Figure 5: Asian and EuropeanProductivityGrowth (1950s-1980s) % p.a. % p.a. F A Asia F East Asia E Europe Predicted E F E F F F E F EE Productivitygrowth over decade F E E E F F EF Å F Å E E F E F E F E E E E F E F E F E F E E FE E E ÅE E Å ... with that of the European/OECD economies at a similar stage of development? Figure 5 combines the growth ... growth over a decade to the starting level of productivity. There is a fairly strong pattern of moderate growth for the low-productivity economies, those starting below
well above the level of Europeanproductivitygrowth throughout the ensuing ... growth in Europe. The third is that Europe does not invest enough into the future determinants of growth. Table 1: US outperforms EuropeanproductivitygrowthProductivitygrowth per worker Productivitygrowth per hour Growth of real GDP Employment growth ... Europe is currently stuck in a slow growth period, with several countries
98% of US levels, EU labour productivity per hour is estimated ... productivity per hour growth trends ... Graph 2.2.1: Potential GDP per capita levels accounting GDP per Capita Labour Input per Capita Labour Productivity per Hour Graph 2.2.3: Labour productivity per hour growth trends US EU
Figure 4.90: Productivitygrowth across Europe (relative to EU average) SachsenAnhalt (DE) Ireland relative forecast growth, 2003-2015 South East London relative to EU15 average relative historic growth, 1991-2002 Source: Deloitte, EBS 2005 ... The region lags behind other European regions in terms of productivity levels ... of productivitygrowth and is expected to continue this strong performance over the next 10 years.130 These relatively high growthrates reflect in part the “batting average
productivitygrowth in the South East has been around 1% higher than the EU average ... as forecast growthrates) have low overall productivity levels, with the exception ... ProductivityGrowth Across Europe Sachsen-Anhalt (DE) Madeira (PT) Ireland
workers with better education. European Unemployment and Inflation, Today, inflation is roughly stable in Europe. This suggests that the high rate of unemployment reflects ... increase in the relative wage rate of skilled workers are: International trade: Firms ... europe
under the scenarios with higher productivitygrowth are not mirrored by significant increase ... Figure 8.5 If we compare figure 8.3, which presents the changes in European ... at world level does not coincide with a general decline in value added of European food
between Catalonia and the EU- 25 countries by sector in 2001-2002 with the average growthrates ... the relationship, which indicates that productivitygrowth is higher in the sectors ... and wood, which exhibit productivity disadvantages but high productivitygrowth
south gap in Europe Innovation matters much more in “old” Europe than in “new” Europe in explaining differences in productivitygrowth The role of Yollies ... in innovation-based growth sectors 5.11. Europe has fewer Yollies in innovation-based growth ... 6.16. Skills are an important constraint for many firms in emerging Europe 6.17. Cognitive skills are adequate in most European countries 6.18. Minimum wages in the newest EU member countries are increasing faster 6.19. Employment protection
Table 2.2 Employment and components of labour productivitygrowth in Europe and the United States e United States Europe Employment Labour productivity Non-ICT capital ICT capital TFP − 0.9 Source: O’Mahony and Van Ark (2003, p216). ... growth in Europe (from 2.4 to 1.4%). This is the mirror image of the strong increase ... growth returns to the (on average less than 1.1%) rate of population growth, capital deepening and labour productivitygrowth will