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Title: PRODUCTIVITY PUZZLES ACROSS EUROPE
By: Philippe Askenazy (Editor), Lutz Bellmann (Editor), Alex Bryson (Editor)
Format: Hardback

List price: £82.00
Our price: £79.54
Discount:
3% off
You save: £2.46
ISBN 10: 0198786166
ISBN 13: 9780198786160
Availability: Usually dispatched within 1-3 weeks.
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Publisher: OXFORD UNIVERSITY PRESS
Pub. date: 22 September, 2016
Series: Studies of Policy Reform
Pages: 352
Description: A volume on labour productivity in Europe in the aftermath of the 2008 financial crisis. It provides rationales for recent productivity trends in France, the UK, Germany, and Spain, and analyses policy responses to the crisis and how these have affected post-recession outcomes.
Synopsis: The 2008 financial crisis put an end to an era of sustained economic growth in Europe. The size of the shock differed across European countries and affected economies in different ways. Yet despite this heterogeneity, most European countries suffered a prolonged period of economic slowdown which raised concerns about the risk of a secular stagnation in Europe. This book focuses on labour productivity in Europe, one of the main drivers of growth and prosperity. Although productivity trends became the focus of policy interest in the immediate aftermath of the recession in the UK, 'productivity puzzles' received much less attention in the rest of Europe. These 'puzzles', which are apparent to greater or lesser extents in most European economies, centre on the marked decline in labour productivity growth which occurred with the on-set of recession. They are puzzles because, in neo-classical economics, firms respond to demand shocks by laying off workers, thus maintaining labour productivity and limiting growth in unit labour costs. Yet this didn't happen in this recession - at least, not to the same extent as in previous recessions, except in Spain.This book brings together contributions from leading European economists who analyse production models and macroeconomic policies, with specific focus on European countries that represent around 60% of the EU GDP. Chapters on France, Germany, the UK, and Spain provide new evidences at the firm/workplace level, and stress the role of transitory labour market mechanisms
Illustrations: Figures and Tables
Publication: UK
Imprint: Oxford University Press
Returns: Returnable
Some other items by this author:
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