Trends and productivity cycles per main market branch in the French economy
Ducoudré, Bruno
Trends and productivity cycles per main market branch in the French economy - 2019.
25
We break down work demands by major market branch (industry, construction, market services) in order to measure sector-based productivity trends and the way they are changing. Estimates of labour demand equations indicate a slowdown in trend productivity gains mainly in industry, which is consistent with the existing literature. Coupled with the decline in industry’s share of employment, this accounts for 90% of the decline in the growth rate of trend productivity since the 1980s. In recent times, trend productivity has risen at a rate of 0.9% per year (1.9% per year in industry, 0.8% in services and 0.1% in construction). JEL codes: J23, J24, 04.
Trends and productivity cycles per main market branch in the French economy - 2019.
25
We break down work demands by major market branch (industry, construction, market services) in order to measure sector-based productivity trends and the way they are changing. Estimates of labour demand equations indicate a slowdown in trend productivity gains mainly in industry, which is consistent with the existing literature. Coupled with the decline in industry’s share of employment, this accounts for 90% of the decline in the growth rate of trend productivity since the 1980s. In recent times, trend productivity has risen at a rate of 0.9% per year (1.9% per year in industry, 0.8% in services and 0.1% in construction). JEL codes: J23, J24, 04.
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