Hostname: page-component-cd9895bd7-hc48f Total loading time: 0 Render date: 2024-12-28T22:10:58.940Z Has data issue: false hasContentIssue false
  • English
  • Français

Growth and Productivity Accounts from EU KLEMS: An Overview

Published online by Cambridge University Press:  26 March 2020

Marcel P. Timmer ,
Mary O'Mahony  and
Bart van Ark
Marcel P. Timmer
Affiliation:
Groningen Growth and Development Centre, University of Groningen
Mary O'Mahony*
Affiliation:
University of Birmingham and National Institute of Economic and Social Research
Bart van Ark
Affiliation:
Groningen Growth and Development Centre, University of Groningen
*
Contact author Mary O'Mahony, e-mail: [email protected]
Get access Rights & Permissions [Opens in a new window]

Abstract

This paper gives an overview of the construction of and preliminary results from the EU KLEMS database which contains industry estimates of output, input and productivity growth for EU countries. The paper begins with a discussion of methodology and data sources covering output and intermediates, capital and labour services. The content and scope of the database is then briefly described. This is followed by a discussion of preliminary results focusing on comparisons between the EU and US. These confirm the relatively poor productivity performance of the EU relative to the US since the mid-1990s, mostly driven by low productivity growth in market services.

Keywords

Productivitygrowth accountingnational accountsD24E01J24
Type
Articles
Information
National Institute Economic Review , Volume 200 , 01 April 2007 , pp. 64 - 78
Copyright
Copyright © 2007 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Basu, S., Fernald, J.G. and Shapiro, M.D. (2001), ‘Productivity growth in the 1990s: technology, utilization, or adjustment?’ Carnegie-Rochester Conference Series on Public Policy, 55, pp. 117–66.CrossRefGoogle Scholar
Colecchia, A. and Schreyer, P. (2001), ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case?, Paris, OECD.Google Scholar
EU KLEMS Database, March 2007, http://www.euklems.net.Google Scholar
Fraumeni, B. (1997), ‘The measurement of depreciation in the US National Income and Product Accounts’, Survey of Current Business, July.Google Scholar
Inklaar, R., O'Mahony, M. and Timmer, M.P. (2005), ‘ICT and Europe's productivity performance: industry-level growth account comparisons with the United States’, Review of Income and Wealth, 51 (4), pp. 505–36.CrossRefGoogle Scholar
Jorgenson, D.W. and Griliches, Z. (1967), ‘The explanation of productivity change’, Review of Economic Studies, 34(3), pp. 249–83.Google Scholar
Jorgenson, D.W., Gollop, F.M. and Fraumeni, B.M. (1987), Productivity and U.S. Economic Growth, Cambridge, MA, Harvard Economic Studies.Google Scholar
Jorgenson, D.W., Ho, M. and Stiroh, K.J. (2005), Information Technology and the American Growth Resurgence, Cambridge, MIT.Google Scholar
O'Mahony, M. and van Ark, B. (eds.) (2003), EU Productivity and Competitiveness: An Industry Perspective. Can Europe Resume the Catching-up Process? Luxembourg, Office for Official Publications of the European Communities.Google Scholar
Schreyer, P. (2002), ‘Computer price indices and international growth and productivity comparisons’, Review of Income and Wealth, 48(1), pp. 15–31.CrossRefGoogle Scholar
Statistical Commission and Economic Commission for Europe (2004), Survey of National Practices in Estimating Service Lives of Capital Assets, CES/AC.68/2004/18, Paper presented on the joint meeting of national accounts in Geneva, 28–30 April.Google Scholar
Timmer, M.P. and van Ark, B. (2005), ‘IT in the European Union: a driver of productivity divergence?’, Oxford Economic Papers, 57(4), pp. 693–716.CrossRefGoogle Scholar
Triplett, J.E. (2004), Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products, Brookings Institution, July.Google Scholar
van Ark, B. and Fosler, G. (2007), ‘Is ICT's contribution to productivity growth peaking’, The Conference Board, Executive Action No. 224, January.Google Scholar
van Ark, B., O'Mahony, M. and Ypma, G. (eds) (2007), ‘The EU KLEMS Productivity Report’, Issue I, University of Groningen & University of Birmingham, March.Google Scholar