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JEL classification

 JEL GuideMicroeconomicsProduction and OrganizationsProduction; Capital and Total Factor Productivity; Capacity [D24]

 

  • Economic impact of professional services reform in Belgium - A DSGE simulation [30/06/2018]

    This working paper analyses the economic impact of a regulated professional services reform in Belgium through simulations based on the European Commission’s DSGE model QUEST III R&D

    Working Paper 09-18
     
  • Young Firms and Industry Dynamics in Belgium [24/06/2016]

    Recent studies reveal the importance of entrants and young firms for job creation, productivity and economic growth. Some scholars argue that the falling rate at which new firms are established, can explain, to a certain extent, the productivity slowdown witnessed in most OECD countries. Belgium appears to stand out unfavourably from other countries in its very low start-up rate. This paper reviews the empirical cross-country evidence, provides some additional analysis of the role of young firms in industry-level employment and productivity dynamics in Belgium and concludes with a discussion of the implications for economic policy.

    Working Paper 06-16
     
  • Labour productivity growth in Belgium - Long-term trend decline and possible actions [02/10/2015]

    The paper analyses the long-term trend of Belgian economic growth and the more recent evolution of labour productivity including the impact of the crisis. It identifies the causes of declining trend of productivity gains by analysing the structural changes in the economy and by applying the growth accounting methodology on industry-level data. Finally, possible policy actions are detailed which minimise the negative short term impact on aggregate demand while maximising the positive effect on labour productivity growth.

    Working Paper 06-15
     
  • Compétitivité de la Belgique - Défis et pistes de croissance
    Concurrentievermogen van België - Uitdagingen en groeipistes [26/11/2012]

    Planning Paper 112
     
  • A decomposition of industry-level productivity growth in Belgium using firm-level data [21/07/2011]

    In this Working Paper the growth in industry-level total factor productivity, i.e. the part of output growth that cannot be accounted for by growth in the production factors, is decomposed using Belgian firm-level data for the period 2000-2008. Decomposition permits to assess to what extent productivity growth in a given industry results from changes in firm-level productivity, from reallocation of market shares between existing firms or from firm entry and exit.

    Working Paper 11-11
     
  • The determinants of industry-level total factor productivity in Belgium [26/04/2011]

    In this Working Paper the impact of potential determinants of total factor productivity, i.e. the part of output that cannot be explained by the quantity of production factors, is estimated for Belgium using industry-level data for the period 1988-2007.

    Working Paper 07-11
     
  • Comparaison des composantes de la croissance de la productivité : Belgique, Allemagne, France et Pays-Bas 1996-2007 [21/10/2010]

    Working Paper 18-10
     
  • Alternative assessment of Belgian competitiveness [15/09/2009]

    This paper investigates graphically and econometrically the relationship between the relative positions, in terms of value added and relative prices, of Belgian manufacturing and market services in the European Union over 1970-2005. Relative prices are then decomposed into relative unit costs of factors of production. The analysis goes further by replacing relative unit labour cost with relative hourly wages and relative productivity. Finally, relative produc-tivity is replaced with relative capital deepening, relative labour composition effect and relative total factor productivity. All data are coming from the EUKLEMS database, March 2008 release.

    Working Paper 09-09
     
  • Capital services and total factor productivity measurements : impact of various methodologies for Belgium [01/03/2007]

    This Working Paper presents the different methodologies currently used to construct a volume index of capital services and analyzes the effects of methodological changes on capital services and total factor productivity estimates for Belgium over the period 1970-2004. The measurement of capital services is realized in two steps. First, productive capital stocks have to be estimated for each type of asset. Two methodologies are generally used: the geometric and the hyperbolic profile. Secondly, these stocks are aggregated, using the user costs of capital (exante or ex-post approach) as weights to derive an overall index. For the economy as a whole and the entire period, under an ex-post approach, the volume indices of capital services estimated with a hyperbolic age-efficiency profile grow at a higher rate than the indices estimated with a geometric profile. This general conclusion is, however, not observed in every sector. Under an ex-ante approach, the different volume indices are quite similar for the whole economy, even if the indices grow generally at a slightly higher rate in the case of a geometric pattern. A higher growth rate of the volume indices generates a higher capital contribution and, consequently, a lower TFP contribution. Over long periods of time, the different TFP estimates are relatively similar. Over shorter periods, the different methodologies generate more significant variations in the TFP contribution.

    Working Paper 03-07
     
  • ICT Diffusion and Firm-level Performance : Case Studies For Belgium [21/06/2003]

    In the empirical literature, the missing link between ict investments and increa-ses in firm performance is organisational change. This paper aims to assess the impact of ict at firm-level in Belgium, by means of case studies with 220 firms in four sectors: banking, machinery, printing/publishing and transport. The chosen sectors were ict-intensive in 1995, have enjoyed productivity growth during the 1995-2000 period and were probably ready for reorganisation at the time of the interviews.

    Working Paper 08-03
     
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