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New Tendencies in the Economic Growth of EC and USA: Comparative Analysis

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  • Atanas Leonidov
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    Abstract

    Based on key macroeconomic indexes (real GDP per capita, labor productivity, share of costs from GDP for information and communication technologies (ICT), costs in the R&D sector, education and training, etc.), analyzed are the dynamic changes in the economic potentials of USA and EC. Central part occupies the rationalizing of the tendency from convergence towards divergence from the middle of the 90s in the development of the two most powerful centers in the world economy. Analyzed are the conditions and factors for the front running dynamics of the US economy, the challenges for Europe, the institutional and structural weaknesses of the national economies of EU, the question for the choice of catching up growth strategy and perspectives for emerging of “new economy”.

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    Bibliographic Info

    Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

    Volume (Year): (2004)
    Issue (Month): 2 ()
    Pages: 3-29

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    Handle: RePEc:bas:econst:y:2004:i:2:p:3-29

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    1. Stefano Scarpetta & Andrea Bassanini & Dirk Pilat & Paul Schreyer, 2000. "Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level," OECD Economics Department Working Papers 248, OECD Publishing.
    2. Gruber, H. & Verboven, F.L., 1998. "The Diffusion of Mobile Telecommunications Services in the European Union," Discussion Paper 1998-138, Tilburg University, Center for Economic Research.
    3. Andrea Bassanini & Stefano Scarpetta, 2002. "Growth, Technological Change, and ICT Diffusion: Recent Evidence from OECD Countries," Oxford Review of Economic Policy, Oxford University Press, vol. 18(3), pages 324-344.
    4. Bart van Ark & Robert Inklaar & Robert H. McGuckin, 2002. "'Changing Gear' - Productivity, ICT and Services Industries: Europe and the United States," Economics Program Working Papers 02-02, The Conference Board, Economics Program.
    5. repec:hal:cepnwp:halshs-00289168 is not listed on IDEAS
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