3. The Transatlantic Productivity Gap: A Survey of the Main Causes

  1. Philip McCann1,2 and
  2. Les Oxley2
  1. Raquel Ortega-Argilés

Published Online: 1 NOV 2012

DOI: 10.1002/9781118427248.ch3

Innovation, Entrepreneurship, Geography and Growth

Innovation, Entrepreneurship, Geography and Growth

How to Cite

Ortega-Argilés, R. (2012) The Transatlantic Productivity Gap: A Survey of the Main Causes, in Innovation, Entrepreneurship, Geography and Growth (eds P. McCann and L. Oxley), John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9781118427248.ch3

Editor Information

  1. 1

    University of Groningen, The Netherlands

  2. 2

    University of Waikato, New Zealand

Author Information

  1. University of Groningen, The Netherlands

Publication History

  1. Published Online: 1 NOV 2012
  2. Published Print: 5 DEC 2012

ISBN Information

Print ISBN: 9781118427286

Online ISBN: 9781118427248

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Keywords:

  • the transatlantic productivity gap, survey of the main causes;
  • observed transatlantic productivity gap, the US and EU differences;
  • the US economy, higher levels of investments in ICTs;
  • the EU-US productivity growth differentials, and productivity performance;
  • Gordon (2004) on heterogeneity of European countries, pronounced;
  • R&D–ICT intensity gap, strong across almost all studies/methods;
  • relationship, ICTs, R&D and productivity growth;
  • growth gap of the EU and the US, driven by differences in TFP;
  • weaknesses in ICT-adoption, particularly problematic

Summary

This chapter contains sections titled:

  • Introduction

  • Historical Evolution of the EU-US Productivity Growth Differentials

  • The R&D-ICT Intensity Gap

  • Industry Comparisons and the Diffusion of ICTs

  • Other Issues: Market Rigidities, Firm Organization and Entrepreneurship

  • Measurement Issues

  • Conclusions

  • Note

  • References