Why Europe lags behind America in Productivity
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Transcript of Why Europe lags behind America in Productivity
Why Europe lags behind America in Productivity?
January 20, 2011 Presented by Aditya Kumar Dixit
Contents
Introduction GDP Per capita comparisonProductivityGap in ProductivityReasons for gap in productivityPossible Measures to reduce the gapReferences
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.
GDP per capita Comparison
$46442 US $33052 US
Productivity
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
Reasons for gap
Measures to reduce the gap
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Injecting competition
Deregulation
Reaping benefits of ICT
Measures
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