IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v184y2003ip86-98_10.html
   My bibliography  Save this article

The Employment Effects of the ‘New Economy’. A Comparison of the European Union and the United States

Author

Listed:
  • van Ark, Bart
  • Inklaar, Robert
  • McGuckin, Robert H.
  • Timmer, Marcel P.

Abstract

This paper provides an analysis of the trends in labour productivity and employment growth at industry level in the European Union and the United States during the 1990s. We analyse relationships for groups of industries, i.e. industries that produce ICT products and services, those that invest strongly in ICT, and those that make less intensive use of ICT. The main findings are that the inverse relationship between employment and productivity growth has been much more prominent in manufacturing industries than in services industries. Secondly, during the 1990s, this relationship has turned positive in many industries, in particular in ICT-producing industries and in ICT-using industries in the service sector. Finally, the employment-reducing effects of productivity growth have remained considerably stronger in Europe than in the US.

Suggested Citation

  • van Ark, Bart & Inklaar, Robert & McGuckin, Robert H. & Timmer, Marcel P., 2003. "The Employment Effects of the ‘New Economy’. A Comparison of the European Union and the United States," National Institute Economic Review, National Institute of Economic and Social Research, vol. 184, pages 86-98, April.
    • Handle: RePEc:cup:nierev:v:184:y:2003:i::p:86-98_10
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0027950100010012/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Giuseppe Nicoletti & Andrea Bassanini & Ekkehard Ernst & Sébastien Jean & Paulo Santiago & Paul Swaim, 2001. "Product and Labour Markets Interactions in OECD Countries," OECD Economics Department Working Papers 312, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:dgr:rugggd:200469 is not listed on IDEAS
    2. Bart van Ark & Marcin Piatkowski, 2004. "Productivity, innovation and ICT in Old and New Europe," International Economics and Economic Policy, Springer, vol. 1(2), pages 215-246, January.
    3. Marcel Canoy & Peter Smith, 2008. "Services and the Single Market," Journal of Industry, Competition and Trade, Springer, vol. 8(3), pages 319-347, December.
    4. Garcia-Murillo, Martha & MacInnes, Ian & Bauer, Johannes, 2015. "Effects of ICTs on employment: a conceptual framework," 26th European Regional ITS Conference, Madrid 2015 127140, International Telecommunications Society (ITS).
    5. Nicola MATTEUCCI & Alessandro STERLACCHINI, 2003. "ICT and Employment Growth in Italian Industries," Working Papers 193, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andersen, Torben M., 2005. "Product market integration, wage dispersion and unemployment," Labour Economics, Elsevier, vol. 12(3), pages 379-406, June.
    2. Adriana D. Kugler & Giovanni Pica, 2006. "The Effects of Employment Protection and Product Market Regulations on the Italian Labour Market," Chapters, in: Julián Messina & Claudio Michelacci & Jarkko Turunen & Gylfi Zoega (ed.), Labour Market Adjustments in Europe, chapter 4, Edward Elgar Publishing.
    3. Klaus Weyerstrass & Johannes Jaenicke, 2011. "Is more competition conducive to the macroeconomic performance in the euro area?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(3), pages 351-380, July.
    4. Christopher Kent & Kylie Smith & James Holloway, 2005. "Declining Output Volatility: What Role for Structural Change?," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & David Norman (ed.),The Changing Nature of the Business Cycle, Reserve Bank of Australia.
    5. Vincenzo Galasso, 2014. "The role of political partisanship during economic crises," Public Choice, Springer, vol. 158(1), pages 143-165, January.
    6. Luciano Fanti & Nicola Meccheri, 2010. "Labour incentive schemes in a Cournot duopoly with simple institutional constraints," Discussion Papers 2010/103, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    7. Alberto Alesina & Silvia Ardagna & Giuseppe Nicoletti & Fabio Schiantarelli, 2005. "Regulation And Investment," Journal of the European Economic Association, MIT Press, vol. 3(4), pages 791-825, June.
    8. Weller, Jürgen, 2007. "La flexibilidad del mercado de trabajo en América Latina y el Caribe. Aspectos del debate, alguna evidencia y políticas," Macroeconomía del Desarrollo 5429, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. Martin Larch & Paul van den Noord & Lars Jonung, 2010. "The Stability and Growth Pact: Lessons from the Great Recession," European Economy - Economic Papers 2008 - 2015 429, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    10. Helge Sanner, 2006. "Imperfect goods and labor markets, and the union wage gap," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(1), pages 119-136, February.
    11. Andersen, Torben M & Sorensen, Allan, 2003. "International Product Market Integration, Rents and Wage Formation," CEPR Discussion Papers 3995, C.E.P.R. Discussion Papers.
    12. Dan Andrews & Marion Kohler, 2005. "International Business Cycle Co-movements through Time," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & David Norman (ed.),The Changing Nature of the Business Cycle, Reserve Bank of Australia.
    13. John W. Dawson, 2007. "Regulation and the Macroeconomy," Kyklos, Wiley Blackwell, vol. 60(1), pages 15-36, February.
    14. John Dawson & John Seater, 2013. "Federal regulation and aggregate economic growth," Journal of Economic Growth, Springer, vol. 18(2), pages 137-177, June.
    15. Mr. Thierry Tressel, 2008. "Does Technological Diffusion Explain Australia’s Productivity Performance?," IMF Working Papers 2008/004, International Monetary Fund.
    16. Giuseppe Nicoletti & Stefano Scarpetta, 2003. "Regulation, productivity and growth: OECD evidence [‘A model of growth through creative destruction’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(36), pages 9-72.
    17. Bertil Holmlund, 2003. "The Rise and Fall of Swedish Unemployment," CESifo Working Paper Series 918, CESifo.
    18. Carlo Cambini & Bernardo Bortolotti & Laura Rondi & Yossi Spiegel, 2007. "Capital Structure and Regulation: Does Ownership Matter?," Working Papers 2007.94, Fondazione Eni Enrico Mattei.
    19. Jean-Paul Pollin & Anne-Gaël Vaubourg, 2006. "Environnement juridique et systèmes de gouvernance. Quelles conséquences pour l'intégration financière européenne ?," Revue économique, Presses de Sciences-Po, vol. 57(4), pages 919-940.
    20. Christopher Kent & Kylie Smith & James Holloway, 2005. "Declining Output Volatility: What Role for Structural Change?," RBA Research Discussion Papers rdp2005-08, Reserve Bank of Australia.

    More about this item

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:184:y:2003:i::p:86-98_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.