Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Productivity Growth in Denmark - Part 1

The Danish economy has seen weak productivity growth in recent years – both in comparison with previous years and with other western countries. This issue is analysed in more detail in Part 2 of this Monetary Review. This overview article is a summary of the main conclusions. It is difficult to pinpoint the exact reason for the weak productivity growth in Denmark. In terms of a number of the parameters that are normally associated with productivity growth, such as research and development, education and labour-market structure, Denmark is in a good position in international comparisons. Increased competition and openness to international trade may, however, potentially contribute to improving future productivity growth. As regards education, greater priority to specific disciplines, particularly in the social and natural sciences, may contribute to higher productivity growth. Finally, it is important to focus on the mobility and flexibility of the Danish economy.