Market Services Productivity across Europe and the US

Abstract

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Capital services estimates in Portuguese industries, 1977–2003

“…TFP growth in services is generally much lower, in particular in the non-market services sectors. The relatively poor performance of market services sectors, and in particular of financial and business activities, is in line with the evidence found for other European countries (e.g., Losch 2006; Inklaar et al 2008;van Ark et al 2008).…”

“…Portugal and the EU 59 Cf. van and Inklaar et al (2008) for an extended discussion on the slowdown in MFP in the EU-15 after 1995 and its comparison with the U.S. experience. 60 It is worth mentioning, furthermore, that because the computation of TFP in the Portuguese case does not take into account the labour composition effect, TFP growth estimates are probably over-valued.…”

“…Mas et al 2008), and in the more general context of the EU. As a matter of fact, low productivity growth rates of market services sectors have been pointed out in the literature as the key factor explaining the overall decline in productivity in Europe since 1995(e.g., Losch 2006van Ark et al 2008;Inklaar et al 2008).…”

Productivity in the services sector: conventional and current explanations

“…Indeed, many recent studies look at measurement problems in services, including Wölfl (2003Wölfl ( , 2004, Triplett andBosworth (2004, 2008), Crespi, Criscuole, Haskel, and Hawkes (2006), Hartwig (2008), or Inklaar, Timmer, and van Ark (2008a, 2008b. Triplett and Bosworth in particular conclude that in the USA, productivity measurement in services has improved considerably, even as numerous areas for further improvement still exist.…”

Labor unions and productivity: An empirical analysis using Japanese firm-level data

“…Most European countries, likewise, are faced with slower productivity growth as compared with the U.S., which disparity has become a major policy issue. The reasons for countries' divergent productivity performance are a leading topic in economic researches (see, for example, Inklaar et al, 2008;van Ark et al, 2008). As there is considerable difference in productivity among firms, even among those within the same industry, it is essential to thoroughly understand and identify the types of firms that will perform well in order to plan and implement effective policy measures.…”