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The Future of Productivity Improving the Diffusion of Technology and Knowledge

Author

Listed:
  • Dan ANDREWS

    (Organisation for Economic Co-operation and Development)

  • Chiara CRISCUOLO

    (Organisation for Economic Co-operation and Development)

  • Dirk PILAT

    (Organisation for Economic Co-operation and Development)

Abstract

Productivity growth is the main driver of living standards. But productivity has slowed down over the past decade, starting already before the crisis. This paper shows that this is linked to a slowdown in the diffusion of global frontier innovations to other firms and difficulties in reallocating resources to the most productive firms. The paper also points to some key barriers to the diffusion of new innovations that prevent new knowledge and technology from flowing to less productive firms. Finally, it explores policy reforms that can help revive the diffusion machine and strengthen productivity growth.

Suggested Citation

  • Dan ANDREWS & Chiara CRISCUOLO & Dirk PILAT, 2015. "The Future of Productivity Improving the Diffusion of Technology and Knowledge," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(100), pages 85-105, 4th quart.
  • Handle: RePEc:idt:journl:cs10004
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    productivity; innovation; technological change.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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