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Closing the US-EU productivity gap: Knowledge assets, absorptive capacity, and institutional reforms
External Authors
Anastasios Saraidaris
Related Themes
Productivity, Trade, and Regional EconomiesTags
The importance of innovation activities for productivity growth has long been recognised. However, there are significant differences in the level of intangible investments across developed economies. This column describes how the EU can enhance its productivity growth and close the gap with the US. One such main channel is through investing in intangible assets and absorptive capacity. A second one is increasing production efficiency. Relevant policy recommendations are also discussed.
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