Economic Growth in the OECD Area Recent Trends at the Aggregate and Sectoral Level

This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical cap...

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Detalles Bibliográficos
Autor principal: Scarpetta, Stefano (-)
Otros Autores: Bassanini, Andrea, Pilat, Dirk, Schreyer, Paul
Formato: Capítulo de libro electrónico
Idioma:Inglés
Publicado: Paris : OECD Publishing 2000.
Colección:OECD Economics Department Working Papers, no.248.
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705867006719
Descripción
Sumario:This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical capital. The paper suggests wide (and growing) disparities in GDP per capita growth, while differences in labour productivity have remained broadly stable. These patterns are explained by different employment growth rates across countries. In the most recent years, a rise in MFP growth in ICT-related industries has boosted aggregate growth in some countries (e.g. the United States) ...
Descripción Física:1 online resource (130 p. )