Trends in productivity and sources of productivity growth in Slovenia:
Slovenia's living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level. Given that most of this gap comes from differences in labour productivity, the paper looks at productivity trends and sources of productivity gro...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2017
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | Slovenia's living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level. Given that most of this gap comes from differences in labour productivity, the paper looks at productivity trends and sources of productivity growth over past two decades. The largest labour productivity lags are in agriculture and mining and utilities, but lags are also present in services sectors such as information and communication activities, financial and insurance activities and professional services. The importance of the high and medium high technology manufacturing has risen in the last two decades, and their share in total manufacturing value added is relatively high in Slovenia. Growth accounting shows that total factor productivity (TFP) and physical capital were the main sources of economic growth before the crisis in Slovenia, while the contribution of human capital was low. With the crisis, however, the GDP growth turned highly negative due to large drops in TFP and the labour input contribution. The contribution from physical capital was also reduced, reflecting subdued investment activity. Slovenia has a high level of state control in the economy and low foreign direct investment (FDI). Using two different panel datasets - one spanning the OECD countries and another spanning Slovenia's economic activities - we find that improving both measures could significantly raise productivity |
| Beschreibung: | 1 Online-Ressource (28 Seiten) |
| DOI: | 10.1787/a6691907-en |
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| spelling | Sila, Urban Verfasser aut Trends in productivity and sources of productivity growth in Slovenia Urban Sila, Hermes Morgavi and Jeanne Dall'Orso = Tendances de la productivité et les sources de croissance de la productivité en Slovénie / Urban Sila, Hermes Morgavi et Jeanne Dall'Orso Tendances de la productivité et les sources de croissance de la productivité en Slovénie Paris OECD Publishing 2017 1 Online-Ressource (28 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Slovenia's living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level. Given that most of this gap comes from differences in labour productivity, the paper looks at productivity trends and sources of productivity growth over past two decades. The largest labour productivity lags are in agriculture and mining and utilities, but lags are also present in services sectors such as information and communication activities, financial and insurance activities and professional services. The importance of the high and medium high technology manufacturing has risen in the last two decades, and their share in total manufacturing value added is relatively high in Slovenia. Growth accounting shows that total factor productivity (TFP) and physical capital were the main sources of economic growth before the crisis in Slovenia, while the contribution of human capital was low. With the crisis, however, the GDP growth turned highly negative due to large drops in TFP and the labour input contribution. The contribution from physical capital was also reduced, reflecting subdued investment activity. Slovenia has a high level of state control in the economy and low foreign direct investment (FDI). Using two different panel datasets - one spanning the OECD countries and another spanning Slovenia's economic activities - we find that improving both measures could significantly raise productivity Economics Slovenia Morgavi, Hermes ctb Dall'Orso, Jeanne ctb https://doi.org/10.1787/a6691907-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sila, Urban Trends in productivity and sources of productivity growth in Slovenia Economics Slovenia |
| title | Trends in productivity and sources of productivity growth in Slovenia |
| title_alt | Tendances de la productivité et les sources de croissance de la productivité en Slovénie |
| title_auth | Trends in productivity and sources of productivity growth in Slovenia |
| title_exact_search | Trends in productivity and sources of productivity growth in Slovenia |
| title_exact_search_txtP | Trends in productivity and sources of productivity growth in Slovenia |
| title_full | Trends in productivity and sources of productivity growth in Slovenia Urban Sila, Hermes Morgavi and Jeanne Dall'Orso = Tendances de la productivité et les sources de croissance de la productivité en Slovénie / Urban Sila, Hermes Morgavi et Jeanne Dall'Orso |
| title_fullStr | Trends in productivity and sources of productivity growth in Slovenia Urban Sila, Hermes Morgavi and Jeanne Dall'Orso = Tendances de la productivité et les sources de croissance de la productivité en Slovénie / Urban Sila, Hermes Morgavi et Jeanne Dall'Orso |
| title_full_unstemmed | Trends in productivity and sources of productivity growth in Slovenia Urban Sila, Hermes Morgavi and Jeanne Dall'Orso = Tendances de la productivité et les sources de croissance de la productivité en Slovénie / Urban Sila, Hermes Morgavi et Jeanne Dall'Orso |
| title_short | Trends in productivity and sources of productivity growth in Slovenia |
| title_sort | trends in productivity and sources of productivity growth in slovenia |
| topic | Economics Slovenia |
| topic_facet | Economics Slovenia |
| url | https://doi.org/10.1787/a6691907-en |
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