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European productivity gaps: Is R&D the solution?

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  • Meister, Christoph
  • Verspagen, Bart

    (MERIT)

Abstract

Industrialization, and the association between technological advance and economic growth, brought Europe world economic leadership in the 19th century. However, in the course of the 20th century, European leadership was lost to the United States, as well as a number of dynamic Asian economies, of which Japan was the first to emerge in the process of modern economic growth. This loss of European leadership is commonly associated with another major technological change: the rise of the mass production system in the United States (e.g., David, 1975).....

Suggested Citation

  • Meister, Christoph & Verspagen, Bart, 2004. "European productivity gaps: Is R&D the solution?," Research Memorandum 005, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
  • Handle: RePEc:unm:umamer:2004005
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    References listed on IDEAS

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    Cited by:

    1. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
    2. Patricia Hemert & Peter Nijkamp, 2011. "Critical Success Factors for a Knowledge-Based Economy: An Empirical Study into Background Factors of Economic Dynamism," Advances in Spatial Science, in: Peter Nijkamp & Iulia Siedschlag (ed.), Innovation, Growth and Competitiveness, chapter 0, pages 61-89, Springer.
    3. DUMONT, Michel, "undated". "Technological performance of Belgium: Is it really so bad?," Working Papers 2006024, University of Antwerp, Faculty of Business and Economics.
    4. Freeman, Christopher & Soete, Luc, 2009. "Developing science, technology and innovation indicators: What we can learn from the past," Research Policy, Elsevier, vol. 38(4), pages 583-589, May.
    5. Keun Rhee & Hak Pyo, 2010. "Financial crisis and relative productivity dynamics in Korea: evidence from firm-level data (1992–2003)," Journal of Productivity Analysis, Springer, vol. 34(2), pages 111-131, October.
    6. Ernest Gnan & Jürgen Janger & Johann Scharler, 2004. "Determinants of Long-Term Growth in Austria – A Call for a National Growth Strategy," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 23-46.
    7. López-Pueyo, Carmen & Barcenilla-Visús, Sara & Sanaú, Jaime, 2008. "International R&D spillovers and manufacturing productivity: A panel data analysis," Structural Change and Economic Dynamics, Elsevier, vol. 19(2), pages 152-172, June.
    8. Huang, Can & Soete, Luc, 2007. "The Global Challenges of the Knowledge Economy: China and the EU," MERIT Working Papers 2007-028, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Raquel Ortega-Argilés, 2012. "The Transatlantic Productivity Gap: A Survey Of The Main Causes," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 395-419, July.
    10. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    11. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189, CPB Netherlands Bureau for Economic Policy Analysis.

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    Keywords

    research and development ;

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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