Europe's productivity challenge

McKinsey Quarterly

Volumn , Issue 2, 2007, Pages 75-83

  Fassbender, Heino ^a  

^a MCKINSEY AND COMPANY   (United States)

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EID: 34249298368     PISSN: 00475394     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (7)

1. Income taxes and social contributions (paid by employees and employers) related to labor costs.
2. For a broader discussion of the interplay between competitiveness and productivity in Europe, as well as the reforms needed to promote them, see Martin Neil Baily and Diana Farrell, "A road map for European economic reform," The McKinsey Quarterly, Web exclusive, September 2005.
3. The European Commission issued several reports that quantified the economic benefits of a single European market. See Paolo Cecchini, Michel Catinat, and Alexis Jacquemin, The European Challenge 1992: The Benefits of a Single Market, Commission of European Communities, Aldershot, UK, 1988.
4. Luigi Guiso, Tullio Jappelli, Mario Padula, and Marco Pagano, "Financial market integration and economic growth in the EU," Economic Policy, October 2004, Volume 19, Number 40, pp. 523-77.
5. Brussels, February 2001. The committee was chaired by Alexandre Lamfalussy.
6. The 25 states that belonged to the European Union as of May 2004.
7. Heino Fassbender and Thomas von Mitschke, "What Germans want from market capitalism," The McKinsey Quarterly, 2006 Number 4, p. 10.