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Economic Growth in Europe - A Comparative Industry Perspective (Paperback, New)
Loot Price: R1,448
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Economic Growth in Europe - A Comparative Industry Perspective (Paperback, New)
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Why has European growth slowed down since the 1990s while American
productivity growth has speeded up? This book provides a thorough
and detailed analysis of the sources of growth from a comparative
industry perspective. It argues that Europe's slow growth is the
combined result of a severe productivity slowdown in traditional
manufacturing and other goods production, and a concomitant failure
to invest in and reap the benefits from Information and
Communications Technology (ICT), in particular in market services.
The analysis is based on rich new databases including the EU KLEMS
growth accounting database and provides detailed background of the
data construction. As such, the book provides new methodological
perspectives and serves as a primer on the use of data in economic
growth analysis. More generally, it illustrates to the research and
policy community the benefits of analysis based on detailed data on
the sources of economic growth.
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