We review the recent performance of the Euro area economy, focusing in detail on the separate roles played by labour input, capital input, and total factor productivity (TFP). After a long period of catching up with US levels of labour productivity, Euro area productivity growth has, since the...

In this article recession magnitudes in Europe, the USA and Japan during the Great Recession are compared. The strongest recessions (of severe category) occurred in Latvia, Lithuania and Estonia, while recessions in Japan and the USA were significantly weaker. Even the strongest recession (in...

Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial...

In the last 30 years, Greece has experienced a rapid rate of economic growth which has transformed the economy and enabled it to become a member of the EEC. Specifically, Greece transformed itself from an agricultural economy with virtually no industrial base to an economy with a significant...

In this paper we study the impact of ICT capital in developed countries during 1980-1995. We use Solow’s growth accounting methodology synthesized with statistical testing about equality of distributions and multimodality of distributions. We test for significance of a contribution from each...

This article analyses the role of the new technologies in the competitiveness of Spanish industry. We exclude the energy factor and focus our attention on the impact of the ICT capital services (hardware, software and telecommunications)on the productivity of the manufacturing sectors, as well...

Using new sectoral data on investment and capital services we carry out a growth accounting exercise on Spain 1985-2002. We compute the contribution to output and labour productivity growth of employment, non-ICT and ICT capital, labour qualification and Total Factor Productivity. Results are...

The paper presents a quantification of Spanish productivity performance over the last two decades –with a special mention to the role played by Information and Communication Technologies (ICT). It makes use of the capital service data -recently released by the BBVA Foundation- exploiting its...

The paper revises the impact of infrastructures and Information and Communication Technologies (ICT) on economic growth. It takes Spain as a reference case due to the accessibility to capital services estimates. The Spanish database allows the measurement of the impact on growth of three ICT...