/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU … firms are more likely to achieve productivity gains through capital-embodied technological change at least in medium and low …

on output, inputs and total factor productivity. The analysis provides evidence on the diffusion of intangible investment …This paper uses a new cross-country cross-industry dataset on investment in tangible and intangible assets for 18 … European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect …