The widening productivity gap between the EU and the US: An introduction to the conference on productivity and competitiveness

Jakob Madsen, Anders Sorensen

Research output: Contribution to journalArticleOther

Abstract

This paper introduces the papers presented at the Nordic Conference on Competitiveness and Productivity and discusses them in relation to the widening productivity gap between Europe and the US since 1995. It is shown that productivity growth is driven by R D, human capital and efficiency of production such as human resource management, government regulation, competition and openness. It is concluded that potential explanations for the widening productivity gap are low investment, inefficient use of information technology, compressed wage structure and deregulation of the otherwise regulated labor market in Europe.
Original languageEnglish
Pages (from-to)7 - 25
Number of pages19
JournalNordic Economic Policy Review
Volume2
Publication statusPublished - 2011

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