European productivity in the digital age: Evidence from EU KLEMS

Robert Inklaar; Kirsten Jäger; Mary O'Mahony; Bart van Ark

doi:10.1016/B978-0-12-817596-5.00005-6

European productivity in the digital age: Evidence from EU KLEMS

Robert Inklaar^*, Kirsten Jäger, Mary O'Mahony, Bart van Ark

^*Corresponding author for this work

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

19 Citations (Scopus)

Abstract

The significant slowdown in productivity growth in many European countries and the United States since the mid-2000s has been widely ascribed to a combination of a significant slowdown in investment, exacerbated by weak demand since the Global Financial Crisis, and disappointing results from the transformation of the New Digital Economy so far. This chapter employs the latest growth accounting series from the EU KLEMS project for European countries and the United States up to 2015 and combines it with several taxonomies related to usage intensities for information and communication technology (ICT), intangibles, skills, and offshoring to detect which factors have most contributed to the slowdown. The results assign greatest importance to ICT and intangible intensities as differentiating factors in industry-level productivity performance. In addition, offshoring has significantly lost in terms of its impact on productivity growth since 2005.

Original language	English
Title of host publication	Measuring Economic Growth and Productivity
Subtitle of host publication	Foundations, KLEMS Production Models, and Extensions
Publisher	Elsevier Inc.
Pages	75-94
Number of pages	20
ISBN (Print)	9780128175965
DOIs	https://doi.org/10.1016/B978-0-12-817596-5.00005-6
Publication status	Published - 6 Nov 2019

Keywords

Digital economy
Growth accounting
Productivity

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/B978-0-12-817596-5.00005-6

Cite this

@inbook{de464b500ce7493592b3817cb4e1394f,

title = "European productivity in the digital age: Evidence from EU KLEMS",

abstract = "The significant slowdown in productivity growth in many European countries and the United States since the mid-2000s has been widely ascribed to a combination of a significant slowdown in investment, exacerbated by weak demand since the Global Financial Crisis, and disappointing results from the transformation of the New Digital Economy so far. This chapter employs the latest growth accounting series from the EU KLEMS project for European countries and the United States up to 2015 and combines it with several taxonomies related to usage intensities for information and communication technology (ICT), intangibles, skills, and offshoring to detect which factors have most contributed to the slowdown. The results assign greatest importance to ICT and intangible intensities as differentiating factors in industry-level productivity performance. In addition, offshoring has significantly lost in terms of its impact on productivity growth since 2005.",

keywords = "Digital economy, Growth accounting, Productivity",

author = "Robert Inklaar and Kirsten J{\"a}ger and Mary O'Mahony and {van Ark}, Bart",

year = "2019",

month = nov,

day = "6",

doi = "10.1016/B978-0-12-817596-5.00005-6",

language = "English",

isbn = "9780128175965",

pages = "75--94",

booktitle = "Measuring Economic Growth and Productivity",

publisher = "Elsevier Inc.",

}

TY - CHAP

T1 - European productivity in the digital age

T2 - Evidence from EU KLEMS

AU - Inklaar, Robert

AU - Jäger, Kirsten

AU - O'Mahony, Mary

AU - van Ark, Bart

PY - 2019/11/6

Y1 - 2019/11/6

N2 - The significant slowdown in productivity growth in many European countries and the United States since the mid-2000s has been widely ascribed to a combination of a significant slowdown in investment, exacerbated by weak demand since the Global Financial Crisis, and disappointing results from the transformation of the New Digital Economy so far. This chapter employs the latest growth accounting series from the EU KLEMS project for European countries and the United States up to 2015 and combines it with several taxonomies related to usage intensities for information and communication technology (ICT), intangibles, skills, and offshoring to detect which factors have most contributed to the slowdown. The results assign greatest importance to ICT and intangible intensities as differentiating factors in industry-level productivity performance. In addition, offshoring has significantly lost in terms of its impact on productivity growth since 2005.

AB - The significant slowdown in productivity growth in many European countries and the United States since the mid-2000s has been widely ascribed to a combination of a significant slowdown in investment, exacerbated by weak demand since the Global Financial Crisis, and disappointing results from the transformation of the New Digital Economy so far. This chapter employs the latest growth accounting series from the EU KLEMS project for European countries and the United States up to 2015 and combines it with several taxonomies related to usage intensities for information and communication technology (ICT), intangibles, skills, and offshoring to detect which factors have most contributed to the slowdown. The results assign greatest importance to ICT and intangible intensities as differentiating factors in industry-level productivity performance. In addition, offshoring has significantly lost in terms of its impact on productivity growth since 2005.

KW - Digital economy

KW - Growth accounting

KW - Productivity

UR - http://www.scopus.com/inward/record.url?scp=85091102493&partnerID=8YFLogxK

U2 - 10.1016/B978-0-12-817596-5.00005-6

DO - 10.1016/B978-0-12-817596-5.00005-6

M3 - Chapter

AN - SCOPUS:85091102493

SN - 9780128175965

SP - 75

EP - 94

BT - Measuring Economic Growth and Productivity

PB - Elsevier Inc.

ER -

European productivity in the digital age: Evidence from EU KLEMS

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this