Location of Repository

www.druid.dk European Productivity Gaps: Is R&D the Solution?

By Christoph Meister and Bart VerspagenChristoph Meister and Bart Verspagen

Abstract

This paper investigates the potential impact of increased business R&D efforts in Europe on the total factor productivity gap between European and U.S. industry. The paper addresses Europe’s ambition, expressed at the 2000 Lisbon Summit to become “the most competitive and dynamic knowledge-based economy in the world”, and the 3 % R&D intensity target for Europe formulated at the 2002 Barcelona Summit. Based on existing empirical models from the literature on productivity and R&D expenditures, we provide projections on the expected productivity impacts of increased R&D in manufacturing industries. The results suggest that raising European R&D is not a complete solution to the European productivity backlog relative to the U.S. We also find that the most dramatic impacts may be expected from raising R&D in so-called low-tech sectors

Topics: Key words, Technology, Economic growth, R&D, Europe, United States JEL Codes, O38, O47, P52 ISBN 87-7873-170-4 www.druid.dk Acknowledgements
Year: 2014
OAI identifier: oai:CiteSeerX.psu:10.1.1.417.6766
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://www2.druid.dk/conferenc... (external link)
  • www.druid.dk (external link)
  • www.druid.dk (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.