R&D and productivity in the US and the EU: Sectoral specificities and differences in the crisis
Abstract
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech macro sector), and this contributes to explaining the higher productivity of US firms. Conversely, EU firms are more likely to achieve productivity gains through capital-embodied...
Paper Details
Title
R&D and productivity in the US and the EU: Sectoral specificities and differences in the crisis
Published Date
Jan 1, 2019
Volume
138
Pages
279 - 291
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