Marcel P. Timmer - Böcker

Why has European growth slowed down since the 1990s while American productivity growth has speeded up? This book provides a thorough and detailed analysis of the sources of growth from a comparative industry perspective. It argues that Europe's slow growth is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on rich new databases including the EU KLEMS growth accounting database and provides detailed background of the data construction. As such, the book provides new methodological perspectives and serves as a primer on the use of data in economic growth analysis. More generally, it illustrates to the research and policy community the benefits of analysis based on detailed data on the sources of economic growth.

This Element synthesizes a decade of research on who is doing what and where in global value chains. Moving beyond the traditional product- or industry-based approach, the authors introduce a task-based framework for analyzing trade and structural transformation. This novel perspective captures the increasingly fragmented and specialized nature of global production. They present new data and methods to measure the income and employment associated with task exports, and analyze evolving patterns of task specialization along countries' development paths. By demonstrating the versatility and policy relevance of this approach, they aim to inspire further research and inform debates on trade, growth, and development. This title is also available as open access on Cambridge Core.

This Element synthesizes a decade of research on who is doing what and where in global value chains. Moving beyond the traditional product- or industry-based approach, the authors introduce a task-based framework for analyzing trade and structural transformation. This novel perspective captures the increasingly fragmented and specialized nature of global production. They present new data and methods to measure the income and employment associated with task exports, and analyze evolving patterns of task specialization along countries' development paths. By demonstrating the versatility and policy relevance of this approach, they aim to inspire further research and inform debates on trade, growth, and development. This title is also available as open access on Cambridge Core.

The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains. This book provides comparisons of industries and economies that are key to analysing the impacts of international trade and investment. This makes it an ideal read for academics and students interested in understanding current patterns of economic growth. It will also be of value to professionals with an interest in the drivers of economic growth and crisis.

Why has European growth slowed down since the 1990s while American productivity growth has speeded up? This book provides a thorough and detailed analysis of the sources of growth from a comparative industry perspective. It argues that Europe's slow growth is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on rich new databases including the EU KLEMS growth accounting database and provides detailed background of the data construction. As such, the book provides new methodological perspectives and serves as a primer on the use of data in economic growth analysis. More generally, it illustrates to the research and policy community the benefits of analysis based on detailed data on the sources of economic growth.