Webinar by Siska Vandecandelaere and Chantal Kegels, National Productivity Board - Belgium
April 8, 2025, 3-4 p.m.
Join by using the following link: https://oenb.webex.com/oenb/j.php?MTID=m6643e5dfca23df583fdf605384d36003
Abstract: The presentation will focus on two thematic analyses of the Annual Report of 2024.
The first is the contribution of non-market services to productivity growth of the economy. In the absence of market prices for non-market services, it is not possible, based on national accounts alone, to construct a measure of the productivity of these activities of the same quality than the one for market activities. Therefore, we propose to look at other quantitative and qualitative indicators to better monitor the evolution of the contribution of these services to the economy as a whole. Given the importance of human capital in productivity growth, we focus our investigation in the context of this report on education.
A second theme explored in the 2024 report focuses on the impact of artificial intelligence (AI) on productivity growth. Expectations are high, but does AI truly have the potential to revive sluggish productivity growth? And how does Belgium perform in terms of AI-adoption? In conclusion, we examine the most important barriers to AI-adoption and identify some key policy levers to fully realize the benefits of this new technology.
Year of publication: 2024
