New Tendencies in the Economic Growth of EC and USA: Comparative Analysis

Atanas Leonidov

Economic Studies journal, 2004, issue 2, 3-29

Abstract: Based on key macroeconomic indexes (real GDP per capita, labor productivity, share of costs from GDP for information and communication technologies (ICT), costs in the R&D sector, education and training, etc.), analyzed are the dynamic changes in the economic potentials of USA and EC. Central part occupies the rationalizing of the tendency from convergence towards divergence from the middle of the 90s in the development of the two most powerful centers in the world economy. Analyzed are the conditions and factors for the front running dynamics of the US economy, the challenges for Europe, the institutional and structural weaknesses of the national economies of EU, the question for the choice of catching up growth strategy and perspectives for emerging of “new economy”.

JEL-codes: O11 O57 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2004:i:2:p:3-29

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