Determinants of Productivity Per Employee: An Empirical Estimation Using Panel Data

46 Pages Posted: 19 Dec 2010

Date Written: April 1, 2004

Abstract

Two different approaches are used in this article to study productivity per employee: the determinants of its growth rate in the 1990s are first examined, and then the determinants of its level, using a more structural approach. ICT are shown to have a positive and significant effect on both growth rates and levels of productivity. This result is consistent with that of Gust and Marquez (2002), although the sample of countries is larger and GMM are used. In both sections of the paper, the employment rate and productivity exhibit a significant negative relationship, arising from the concentration of employment on the most productive members of the workforce. Indicators of financial depth and price stability are found to be significant.

Keywords: productivity, panel, generalized method of moments, information and communication technology (ICT), growth accounting

JEL Classification: C22, C23, O47

Suggested Citation

Belorgey, Nicolas and Lecat, Remy and Maury, Tristan-Pierre, Determinants of Productivity Per Employee: An Empirical Estimation Using Panel Data (April 1, 2004). Banque de France Working Paper No. 110, Available at SSRN: https://ssrn.com/abstract=1727278 or http://dx.doi.org/10.2139/ssrn.1727278

Nicolas Belorgey (Contact Author)

Banque de France ( email )

Paris
France

Remy Lecat

Banque de France ( email )

Paris
France

Tristan-Pierre Maury

EDHEC Business School ( email )

58 rue du Port
Lille, 59046
France

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