Strauss, Hubert; Samkharadze, Besik - Economics Department, European Investment Bank (EIB) - 2011
productivity (TFP) growth – sharply declined in Europe and has remained weak since the mid-1990s whereas the US has seen … acceleration in TFP. The near-stagnant TFP in market services in the EU-15 is particularly worrying. In both the EU-15 and the US …, the growth contributions from ICT are found to be smaller than those from TFP. However, our empirical analysis suggests …