Research Discussion Papers, Bank of Finland
No 4/2005:
Labour productivity growth and industry structure. The impact of industry structure on productivity growth, export prices and labour compensation
Johanna Sinkkonen
Abstract: In this paper labour productivity growth and its impacts
are studied at the industry level. The development of productivity is
analysed in 54 industries in 14 EU countries and in the US between 1979 and
2001. The conclusion of the study is that the industry structure that leads
to fast productivity growth is connected to falling export prices. The
relationship between labour productivity growth and labour compensation
growth is relative weak and therefore the majority of the utility resulting
from the productivity growth does not benefit the labour force.
Keywords: industry structure; labour productivity; export prices; labour compensation; (follow links to similar papers)
JEL-Codes: F41; J30; O47; (follow links to similar papers)
92 pages, February 13, 2005
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