Structural studies

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Growth and Productivity in Belgium [17/10/2017]

The objective of the report is to provide an overview of the main drivers of economic growth and the productivity evolution in Belgium, in comparison with its three neighbouring countries and the US over 1970 and 2015. Recent evolutions, over 2000-2015, are analysed in details in order to shed light on the impact of the great recession. The growth accounting methodology is applied to explain labour productivity growth for the total economy, manufacturing and market services.

Qualitative employment data for Belgium : 1999-2015 [01/06/2017]

In this database, domestic employment, labour volume (hours worked) and the wage costs of wage earners are broken down per industry (A38 of Nace rev. 2) according to gender, age group and education level. The breakdowns of employment and labour volumes are available for domestic employment as a whole and for wage earners and self-employed people separately. The database provides annual results for the period 1999-2015 and corresponds with the last edition of the national accounts (October 2016).

Public Investment in Belgium [27/01/2017]

Belgian government investment, and specifically the part spent on infrastructure, is relatively low both in historical terms and compared to neighbouring countries. A simulation with the European Commission’s Quest III model suggests that increasing government investment permanently by 0.5% of GDP leads to a growth in GDP, private consumption and private investment. The impact of alternative financing mechanisms is compared.

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Better understanding the Belgian economy’s structural evolutions and its insertion in both the European Union and the world plays an important role in identifying the key factors of long-term growth.

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