Tag Archives: Balassa

Agriculture and Productivity of Labor in Europe

Periklis
Dr. Periklis Gogas
, Associate Professor, Department of International Economics, Democritus University of Thrace, Greece.

Agrapetidou

Ms. Anna Agrapetidou, PhD candidate, Economics, Democritus University of Thrace, Greece

The third column of the Table below, reports the percentage of the labor force employed in agriculture; in the fourth column we present the GDP share of agriculture for each country. Finally, in the last column we produce a Balassa-like revealed productivity index by dividing the share of agriculture in the GDP by the share of agriculture in total employment (column four divided by column three). Thus, the last column provides a comparable measure of the revealed productivity of the agricultural sector in Europe. It measures for each country, the share of GDP produced by a 1% employment in the agricultural sector.

Continue reading Agriculture and Productivity of Labor in Europe