{"id":51324,"date":"2023-12-01T17:36:30","date_gmt":"2023-12-01T16:36:30","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/tradability-and-productivity-growth-differentials-across-eu-member-states\/"},"modified":"2024-11-07T05:51:54","modified_gmt":"2024-11-07T04:51:54","slug":"tradability-and-productivity-growth-differentials-across-eu-member-states","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51324\/","title":{"rendered":"Tradability and Productivity Growth Differentials Across EU Member States"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51324","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This study examines the lack of convergence among EU countries from a structural perspective. We apply the tradable-non-tradable framework (T-NT) to evaluate the heterogeneity in labour productivity before and after the great recession. We find that, across all countries, non-tradables were less relevant for aggregate productivity. The low productivity growth in peripheral EU countries was accompanied by a specific structural change pattern: there was a sharp production increase of non-tradables before the crisis relative to other EU countries. For most peripheral countries concerns about unfavourable sector structures remain, implying a continuation of unsustainable growth patterns. This has implications for the European Commission's macroeconomic imbalance procedures, since it allows identifying patterns of real divergence on a disaggregated level. Finally, we identify a link between sectoral growth asymmetries and the quality of domestic governance institutions. Especially differences in the legal system help to explain the observed productivity growth differentials.","onlinedate":"2018-01-08 12:00:00","lang":"English","publication_series":"","publication_date":"20171201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"32","keywords":"[\"EU\",\"Growth\",\"Imbalance\",\"Institutions\",\"Labour Productivity\",\"Tradability\"]","jelcodes":"[\"E01\",\"E02\",\"E60\",\"O43\",\"O47\"]","related_publications":"[]","pdf":371133,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"547","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-01-08 12:00:00","types":[44410],"research_groups":[3491,3500],"collaboration":"","persons":[3587,3543],"persons_data":"[{\"personId\":3587,\"personName\":\"Klaus S. Friesenbichler\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tradability and Productivity Growth Differentials Across EU Member States - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/51324\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tradability and Productivity Growth Differentials Across EU Member States\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/51324\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T04:51:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/51324\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/51324\\\/\",\"name\":\"Tradability and Productivity Growth Differentials Across EU Member States - 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