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Employment and productivity growth in service and manufacturing sectors in France, Germany and the US

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  • Wachter, Till von

Abstract

The growth patterns of service sectors across France, Germany, and the US exhibit striking differences. This can explain most of the well-known differences in aggregate growth rates of labour productivity and employment across these countries. Having confirmed this observation by a shift-share analysis of key indicators of growth, such as employment, labour productivity and capital, the paper analyses service sector growth in detail. It argues that a careful consideration of the forces of long-run growth may help to better explain differences in employment and productivity growth, in particular if combined with the standard approach, institutional peculiarities of labour markets. In this regard, it first presents new estimates of capital's contribution to labour productivity growth, which take into account skill-biased technological change. Second, it discusses evidence of catch-up growth in European service sectors relative to the US, and how this may affect employment growth in the presence of labour market rigidities. JEL Classification: O3, O5

Suggested Citation

  • Wachter, Till von, 2001. "Employment and productivity growth in service and manufacturing sectors in France, Germany and the US," Working Paper Series 50, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:200150
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp050.pdf
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    Citations

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    Cited by:

    1. Klinger, Sabine & Wolf, Katja, 2008. "What explains changes in full-time and part-time employment in Western Germany? : a new method on an old question," IAB-Discussion Paper 200807, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    2. Sabine Klinger & Katja Wolf, 2009. "Disentangling sector and status effects in German employment growth," The Service Industries Journal, Taylor & Francis Journals, vol. 31(8), pages 1257-1278, September.
    3. David L. Kay & James E. Pratt & Mildred E. Warner, 2007. "Role of Services in Regional Economy Growth," Growth and Change, Wiley Blackwell, vol. 38(3), pages 419-442, September.
    4. Ghosh, Saibal, 2013. "Do economic reforms matter for manufacturing productivity? Evidence from the Indian experience," Economic Modelling, Elsevier, vol. 31(C), pages 723-733.

    More about this item

    Keywords

    employment; growth; labour; productivity;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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