Why Europe lags behind America in Productivity
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Why Europe lags behind America in Productivity?
January 20, 2011 Presented by Aditya Kumar Dixit
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Contents
Introduction GDP Per capita comparisonProductivityGap in ProductivityReasons for gap in productivityPossible Measures to reduce the gapReferences
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Introduction
Gross Domestic Product represents the total current market value of all goods and services produced within a country over the course of some time period.
Productivity is measured as GDP per hour working.
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GDP per capita Comparison
$46442 US $33052 US
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Productivity
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Gap in Productivity
$11250 US in GDP per capita terms
$6.4 US per hour ( Data 2007 OECD)
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Reasons for gap
Underperformance of service sector
Inability to build upon ICT
Market regulation
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Reasons for gap
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Measures to reduce the gap
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Injecting competition
Deregulation
Reaping benefits of ICT
Measures
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References
Mckinsey Quarterly report October 2010
Europe’s productivity challenge :- The Economist
Regulation, Allocative ,Efficiency and Productivity in OECD Countries :- by Jens Arnold, Giuseppe Nicoletti,
Stefano Scarpetta
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References
An article written by Ashley Seager in ‘The Guardian’
www.europa.eu
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THANKS
HAVE A GOOD DAY 04/12/2023 13