Productivity trends in Europe
Summary & aims
The study sought to examine why it is that the economies and labour markets of four of Europe’s major countries (the UK, France, Germany and Spain) appear to have responded rather differently to the financial crisis and recession. The study focused in particular on recent productivity trends in the four countries.
Together with research teams in France, Spain and Germany we examined recent trends in labour productivity in the four countries. We sought to establish why it is that country-level productivity and employment appears to have responded differently to the financial crisis and accompanying recession. The study entailed a review of existing work, plus new analyses of recent micro data sets for the four countries. The principal output of the project was a volume written by the four research teams and a conference to disseminate the findings.
Timescale and funders
Askenazy, P., Bellmann, L., Bryson, A. and Moreno-Galbis, E. (2016) The Productivity Puzzle across Europe, Oxford University Press