Article in Journal
The EU’s Productivity Performance: Falling Behind the Curve
Fredrik Erixon, Oscar Guinea, Oscar du Roy
CESifo, Munich, 2024
EconPol Forum 25 (3), 23-27
CESifo, Munich, 2024
EconPol Forum 25 (3), 23-27
- The EU lags the US in productivity growth
- Actions to increase innovation, investments in intangible assets, and promote market dynamism are needed to improve the EU’s productivity
- The EU should increase expenditure on R&D and create better incentives for private-sector R&D spending
- The EU should design policies to channel savings to firm growth and boost venture capital
- The EU should close its technology gap and reduce market fragmentation to support firm growth and technology adoption