Author: Raquel Ortega-ArgilésPublisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
The Transatlantic Productivity Gap: Is R&D the Main Culprit?
Author: Raquel Ortega-ArgilésThe Transatlantic Productivity Gap
Author: Raquel Ortega-ArgilésPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
During the last 2 decades, Europe's economy experienced a productivity slowdown whereas the United States (US) economy exhibited a marked acceleration. The result is that since the early 1990s the relative productivity levels between the two regions have continuously diverged, leading to a transatlantic productivity gap. Much of the explanation for this is the strong performance of the US in the so-called 'new economy' or 'knowledge economy' and in particular the underinvestment in R&D, and as a result, productivity and innovation has been at the forefront in the European Policy agenda. However, various explanations for the US-European Union transatlantic productivity gap suggest that the picture is rather more complex than simply the effects on, or the result of, particular technology-driven sectors.
Missed Opportunities?
Author: Joost VeenstraPublisher:
ISBN: 9789036767910
Category :
Languages : en
Pages : 230
Book Description
Transatlantic Gap in Total Factor Productivity
Author: International Productivity Monitor
Author: OECDPublisher: OECD Publishing
ISBN: 9264279172
Category :
Languages : en
Pages : 222
Book Description
The 32nd issue of the International Productivity Monitor is a special issue produced in collaboration with the OECD. All articles published in this issue were selected from papers presented at the First Annual Conference of the OECD Global Forum on Productivity held in Lisbon, Portugal, July ...
The Industry Anatomy of the Transatlantic Productivity Growth Slowdown
Author: Robert James GordonPublisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 44
Book Description
By merging KLEMS data sets and aggregating over the ten largest Western European nations (EU-10), we are able to compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are provided at the aggregate level, as well as for 16 industry groups within the total economy and 11 manufacturing sub-industries. The analysis focuses on outcomes over four time intervals: 1950-72, 1972-95, 1995-2005, and 2005-15. We interpret the EU-10 performance as catching up to the U.S. in stages, with its rapid growth of 1950-72 representing a delayed adoption of the inventions that propelled U.S. productivity growth in the first half of the 20th century, and the next EU-10 stage for 1972-95 as imitating the U.S. outcome for 1950-72. We show that both the pace of aggregate productivity growth during 1972-95 for the EU-10 as well as its industrial composition matched very closely the growth record of the U.S. in the previous 1950-72 time interval. A striking finding is that for the total economy the "early-to-late" productivity growth slowdown from 1972-95 to 2005-15 in the EU-10 (-1.68 percentage points) was almost identical to the U.S. slowdown from 1950-72 to 2005-15 (-1.67 percentage points). There is a very high EU-U.S. correlation in the magnitude of the early-to-late slowdown across industries. This supports our overall theme that the productivity growth slowdown from the early postwar years to the most recent decade was due to a retardation in technical change that affected the same industries by roughly the same magnitudes on both sides of the Atlantic.
The Productivity Gap between the United States and the Euro Zone Continues to Widen
Author: Michel FouquinPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
From 1950 to 1970, labor productivity levels converged between the United States ndash; considered to be the global technological leader ndash; Western European countries and Japan. But thereafter this process gradually became less marked before disappearing completely since the mid-1990s: while in the United States, labor productivity growth accelerated, it slowed down in the majority of European countries and Japan. Technological progress, associated with the development of information and communication technologies (ICT), goes some way towards explaining the revival of productivity in the USA, before the dotcom bubble burst. However, it does not tally with the decline seen in Europe because, although the level of investment in ICTs in Europe falls some way behind that of the USA, it has nonetheless grown significantly. A fundamental explanation for the divergence relates to a change in intensity of the employment component of growth. While it fell sharply in the United States, there was a significant rise in Europe where, prior to the crisis of 2007-2008, mass unemployment fell as a result. The most recent data for 2009 confirm the existence of diverging productivity trends.
Closing the Productivity Gap with the US
Author: Michela GiorcelliDivergences in Productivity Between Europe and the United States
Author: Gilbert CettePublisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 302
Book Description
Papers from a seminar held at the Royaumont Abbey on 22 and 23 March 2004, and organized by the Banque de France, CEPII, and the Ifo Institute for Economic Research at the University of Munich.
Moving Europe's Productivity Frontier
Author: Publisher: European Union
ISBN: 9789279049538
Category : Business & Economics
Languages : en
Pages : 149
Book Description