Productivity Profile of Luxembourg
Conseil National de la Productivité: created in Sept. 2018 and established under the authority of the Ministry of the Economy;
Observatory of Competitiveness (ODC): monitoring unit in charge of documenting, observing and analysing the evolution of the country's competitiveness, as well as investigating cases, monitoring them and stimulating the implementation by the designated partners.
ODC: Bilan Compétitivité 2019: Focus sur l'Entrepreneuriat (2019) Luxembourg Competitiveness Reports (2018, 2016), Luxklems: Productivité et Compétitivité (2008); Productivity and Competitiveness in Luxembourg: Productivity and the Crisis (2012)
The Journal of Technology Transfer: Productivity Slowdown and Misallocation in the Post-Recession: what prevents recovery? (2018).
Click here to access our Compare-Your-Country tool and explore productivity data from the GFP member countries.
Latest OECD Recommendations
- Productivity growth has long been slow, partly due to skill shortages -> undertake regular skill foresight exercises and ensure their outcomes feed into enhanced training offers;
- In services, the less productive firms have tended to fall further behind, which weighs on aggregate productivity -> modernise bankruptcy law to ease restructuring and second change opportunities, as well as the exit of non-viable firms;
- Regulations for some professional services remain restrictive in international comparison -> In those professional services, eliminate restrictions on advertising and marketing;
- Even top firms often fail to innovate -> Promote the adoption of cutting-edge technologies, inter alia through the demonstration effect of public sector use.