Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database

Structural transformation refers to the reallocation of economic activity across the broad sectors agriculture, manufacturing and services. This review article synthesizes and evaluates recent advances in the research on structural transformation. We begin by presenting the stylized facts of structural transformation across time and space. We then develop a multi-sector extension of the one-sector growth model that encompasses the main existing theories of structural transformation. We argue that this multi-sector model serves as a natural benchmark to study structural transformation and that it is able to account for many salient features of structural transformation. We also argue that this multi-sector model delivers new and sharper insights for understanding economic development, regional income convergence, aggregate productivity trends, hours worked, business cycles, and wage inequality. We conclude by suggesting several directions for future research on structural transformation.

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“…For more detail see O'Mahony and Timmer (2009) and Timmer et al (2010). the lowest income in the sample.…”

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confidence: 99%

Growth and Structural Transformation

Herrendorf

Rogerson

Valentinyi

2014

Handbook of Economic Growth

647

470

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“…So these long run projections still retain their interest, I hope. 2 The empirical basis of the present approach is the EU KLEMS database (O'Mahony and Timmer, 2009). I use this because I am interested in developing projections for the market sector, i.e.…”

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confidence: 99%

Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting

Oulton

2012

Economic Modelling

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How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one-sector model is required because of the very rapid rate at which the prices of ICT products have fallen in the past and are expected to fall in the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT production. Even a country which has zero ICT production can benefit via improving terms of trade. In the long run, the falling relative price of ICT products boosts the growth of GDP and consumption by inducing faster accumulation of ICT capital. I quantify this effect on the long run growth rate of 15 European and 4 non-European countries, using data from the EU KLEMS database. The ICT intensity of production (the ICT income share) is much lower in many European countries than it is in the United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the current levels of ICT intensity is substantial: about half a percent per annum on average in the countries studied here. Eventually, the ICT revolution may diffuse more widely so ICT intensity may reach at least the same level as currently in the U.S. or Sweden, which would add a further 0.2 percentage points per annum to long run growth.

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“…Data are taken from EUKLEMS database (Mahony and Timmer, 2009). We consider Germany as a whole because we cannot distinguish between West and East.…”

Section: Robustness Of the Resultsmentioning

confidence: 99%

Endogenous skill biased technical change: testing for demand pull effect

Bogliacino¹,

Lucchese²

2015

Ind Corp Change

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractIn this article we use the unification of Germany in the 1990 to test the hypothesis that the increase of the supply of a production factor generates skill biased technical change. We test for this mechanism in the context of the Acemoglu and Autor (2011) model that allows for endogenous assignment of skills to tasks in the economy. We use cohorts of workers from comparable countries as a control groups.After discussing the possible confounding factors, we conclude for the absence of this effect.The differential pattern among the countries seems to be determined by labor market flexibilization and tax reform, which had a pure inequality enhancing effect.

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Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database

Cited by 613 publications

References 39 publications

Growth and Structural Transformation

Growth and Structural Transformation

Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting

Endogenous skill biased technical change: testing for demand pull effect

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