Back to Search
Start Over
THE TRANSATLANTIC PRODUCTIVITY GAP: A SURVEY OF THE MAIN CAUSES.
- Source :
- Journal of Economic Surveys; Jul2012, Vol. 26 Issue 3, p395-419, 25p
- Publication Year :
- 2012
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09500804
- Volume :
- 26
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Economic Surveys
- Publication Type :
- Academic Journal
- Accession number :
- 75232732
- Full Text :
- https://doi.org/10.1111/j.1467-6419.2012.00725.x