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Productivity in the Finnish Manufacturing Industry 1975–2003

Author

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  • Jukka Jalava

Abstract

Labour productivity grew on average at the rapid 5 per cent annual rate in the Finnish manufacturing industry from 1975 to 2003. The labour productivity growth was broad-based in the 1970s and 1980s with contributions from multi-factor productivity gains in the paper and metal industries dominating. In the 1990s productivity growth was much more concentrated to the electronic industry. The level of labour productivity in Finnish manufacturing matched that of the US by the end of the second millennium. Labour costs and unit labour costs remained at only three quarters of the US level, although real hourly compensation increased steadily. After1995 the manufacturing industry constituted a quarter of the Finnish economy but contributed a third of overall economic growth.

Suggested Citation

  • Jukka Jalava, 2004. "Productivity in the Finnish Manufacturing Industry 1975–2003," Working Papers 209, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    • Handle: RePEc:pst:wpaper:209
    as

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    File URL: https://labore.fi/wp-content/uploads/2004/12/Tyopapereita-209.pdf
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    References listed on IDEAS

    as
    1. Hulten, Charles R & Wykoff, Frank C, 1996. "Issues in the Measurement of Economic Depreciation: Introductory Remarks," Economic Inquiry, Western Economic Association International, vol. 34(1), pages 10-23, January.
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    More about this item

    Keywords

    growth; productivity; manufacturing;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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