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This paper provides an overview of sectoral productivity in Europe for the period 1995-2004. In an earlier discussion paper, the authors considered the trends in output and employment, however, taken separately, these may reflect differences in size and input intensities. Productivity measures performance and efficiency more accurately than output or employment since it incorporates inputs and outputs into a single measure. The aim of this paper was to describe in detail the strengths and weaknesses of European productivity at the sectoral level. New Member States experienced high rates of growth in a large number of sectors, in many cases higher than the US. However, the productivity growth rates of the "Old" EU15 have been much more moderate.
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