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Reducing Productivity and Efficiency Gaps: the Role of Knowledge Assets, Absorptive Capacity and Institutions

Author

Listed:
  • Neil Foster-McGregor

    () (The Vienna Institute for International Economic Studies, wiiw)

  • Johannes Pöschl
  • Ana Rincon-Aznar
  • Robert Stehrer

    () (The Vienna Institute for International Economic Studies, wiiw)

  • Michaela Vecchi
  • Francesco Venturini

Abstract

Summary This study analyses the impact of knowledge assets on productivity and technical efficiency in the EU, as well as their role in the process of knowledge transfer. The analysis covers the role of the institutional and regulatory environment in affecting productivity and technical efficiency and how different regulations interact with both the accumulation of knowledge assets and the transfer of technology. Special emphasis is put on the analysis of trends and performance within the EU, across countries and sectors. The trends and performance of the EU at aggregate and sectoral levels are also contrasted with those of other major competitors, such as the United States, Japan or Korea. Further, the effects of the recent crisis on productivity and efficiency at firm level are explored.

Suggested Citation

  • Neil Foster-McGregor & Johannes Pöschl & Ana Rincon-Aznar & Robert Stehrer & Michaela Vecchi & Francesco Venturini, 2014. "Reducing Productivity and Efficiency Gaps: the Role of Knowledge Assets, Absorptive Capacity and Institutions," wiiw Research Reports 396, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:rpaper:rr:396
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    competitiveness; industrial organisation; manufacturing; services;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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