different internationalization states according to their productivity levels. While these papers ignore the fact, that the … with a broader investment strategy, reflecting a great importance of market-driven motives, show higher productivity levels …

/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 …