David Encaoua
Paris School of Economics,
Centre Economie Sorbonne (CES) Université Paris I
Lecture Monte Verita Conference, June 2007
The positive US productivity shock induced by the breakthrough of Information and Communication Technologies has not been matched by the EU. Productivity lag widens in ICT producing goods and Intensive ICT user sectors. Diffusion of ICT in the US had a set of technological opportunities that were not appropriated, to the same extent, in Europe. In contrast, slight European productivity advantage in traditional sectors (non-ICT) which still forms the core of the European economy. This advantage has been obtained by substantial reduction of employment in traditional sectors.
 European_tech_gap.pdf | [ ] |
