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Working Paper 17-08 - Growth and Productivity in Belgium

Author

Listed:
  • Bernadette Biatour
  • Chantal Kegels

Abstract

The objective of the report is to provide an overview of the main drivers of economic growth and the productivity evolution in Belgium, in comparison with the EU and the US, between 1970 and 2005, based on a consistent data set. The growth accounting methodology is applied to explain value added and labour productivity growth for the total economy, manufacturing and market services. This decomposition exercise diverges from what has been applied in Belgium up to now, as it uses capital services flows rather than the capital stock and labour services flows rather than the number of hours worked to measure the contribution of these factors of production to economic and productivity growth. Contributions of the main industries to value added, employment and productivity growth are also estimated.

Suggested Citation

  • Bernadette Biatour & Chantal Kegels, 2008. "Working Paper 17-08 - Growth and Productivity in Belgium," Working Papers 200817, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:200817
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    More about this item

    Keywords

    Growth accounting; Growth contribution; Productivity; MFP; ICT;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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