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The EU’s Productivity Performance: Falling Behind the Curve

Fredrik Erixon, Oscar Guinea, Oscar du Roy
CESifo, Munich, 2024

EconPol Forum 25 (3), 23-27
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  • The EU lags the US in productivity growth
  • Actions to increase innovation, investments in intangible assets, and promote market dynamism are needed to improve the EU’s productivity
  • The EU should increase expenditure on R&D and create better incentives for private-sector R&D spending
  • The EU should design policies to channel savings to firm growth and boost venture capital
  • The EU should close its technology gap and reduce market fragmentation to support firm growth and technology adoption

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