To access the full text documents, please follow this link: http://hdl.handle.net/2445/58506

The Transatlantic Productivity Gap : Is R&D the Main Culprit?
Ortega-Argilés, Raquel; Piva, Mariacristina; Vivarelli, Marco
The literature has pointed to different causes to explain the productivity gap between Europe and United States in the last decades. This paper tests the hypothesis that the lower European productivity performance in comparison with the US can be explained not only by a lower level of corporate R&D investment, but also by a lower capacity to translate R&D investment into productivity gains. The proposed microeconometric estimates are based on a unique longitudinal database covering the period 1990-2008 and comprising 1.809 US and European companies for a total of 16.079 observations. Consistent with previous literature, we find robust evidence of a significant impact of R&D on productivity, however – using different estimation techniques - the R&D coefficients for the US firms always turn out to be significantly higher. To see to what extent these transatlantic differences may be related to the different sectoral structures in the US and the EU, we differentiated the analysis by sectors. The result is that both in manufacturing, services and high-tech sectors US firms are more efficient in translating their R&D investments into productivity increases.
Productivitat
Eficiència industrial
Recerca industrial
Microeconomia
Europa
Estats Units d'Amèrica
Productivity
Industrial efficiency
Industrial research
Microeconomics
Europe
United States
cc-by-nc-nd, (c) Ortega-Argilés et al., 2011
http://creativecommons.org/licenses/by-nc-nd/3.0/
Working Paper
Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
         

Show full item record

Related documents

Other documents of the same author

García, José, 1963-; Pellegrino, Gabriele; Vivarelli, Marco
Ortega-Argilés, Raquel; Moreno Serrano, Rosina; Suriñach Caralt, Jordi
Ortega-Argilés, Raquel; Moreno Serrano, Rosina; Suriñach Caralt, Jordi
 

Coordination

 

Supporters