Ark, Bart van; O'Mahoney, Mary; Timmer, Marcel P. - In: Journal of Economic Perspectives 22 (2008) 1, pp. 25-44
Since the mid-1990s, labor productivity growth in Europe has significantly slowed compared to earlier decades. In contrast, labor productivity growth in the United States accelerated, so that a new productivity gap has opened up. This paper shows that this development is attributable to the...