Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level

130 Pages Posted: 18 Oct 2000  

Stefano Scarpetta

OECD, Directorate for Employment, Labour and Social Affairs; IZA Institute of Labor Economics

Andrea Bassanini

Organization for Economic Co-Operation and Development (OECD); Université d' Evry - Centre D'Etudes des Politiques Economiques et de L'Emploi (EPEE)

Dirk Pilat

OECD

Paul Schreyer

Organization for Economic Co-Operation and Development (OECD) - National Accounts and Structural Economic Statistics Division

Date Written: June 2000

Abstract

This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical capital. The paper suggests wide (and growing) disparities in GDP per capita growth, while differences in labour productivity have remained broadly stable. These patterns are explained by different employment growth rates across countries. In the most recent years, a rise in MFP growth in ICT-related industries has boosted aggregate growth in some countries (e.g. the United States).

JEL Classification: N10, O47

Suggested Citation

Scarpetta, Stefano and Bassanini, Andrea and Pilat, Dirk and Schreyer, Paul, Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level (June 2000). OECD Economics Department Working Paper No. 248. Available at SSRN: https://ssrn.com/abstract=241568 or http://dx.doi.org/10.2139/ssrn.241568

Stefano Scarpetta (Contact Author)

OECD, Directorate for Employment, Labour and Social Affairs ( email )

2 rue Andre Pascal
Paris Cedex 16, 75016
France
+33 1 45 24 19 88 (Phone)
+33 1 45 24 18 59 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Andrea Bassanini

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France
+33 1 45 24 90 32 (Phone)
+33 1 45 24 18 59 (Fax)

HOME PAGE: http://www.freeyellow.com/members7/bassax/

Université d' Evry - Centre D'Etudes des Politiques Economiques et de L'Emploi (EPEE)

Boulevard Francois Mitterrand
F-91025 Evry Cedex
France

Dirk Pilat

OECD ( email )

Paris
France

Paul Schreyer

Organization for Economic Co-Operation and Development (OECD) - National Accounts and Structural Economic Statistics Division ( email )

Paris
France

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