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Productivity Growth and Value Chains in Four European Countries
by Izabela Karpowicz and Nujin Suphaphiphat

Series:Working Paper No. 20/18
ISBN 9781513527918
Code: #WPIEA2020018

Publication year: 2020

Cdn: $27.00; US: $25.00
Paperback
Language: English
18 pages
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Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively, including through its effect on TFP when facilitated by higher investment in intangible assets, a proxy for firm innovation. Other contributors to productivity growth in firms are workforce aging, access to finance, and skills mismatches.
Productivity Growth and Value Chains in Four European Countries
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 126966 Added: 2020.2.9