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Reducing Productivity and Efficiency Gaps: the Role of Knowledge Assets, Absorptive Capacity and Institutions

Neil Foster-McGregor (), Johannes Pöschl (), Ana Rincon-Aznar, Robert Stehrer, Michela Vecchi () and Francesco Venturini ()

No 396, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Summary This study analyses the impact of knowledge assets on productivity and technical efficiency in the EU, as well as their role in the process of knowledge transfer. The analysis covers the role of the institutional and regulatory environment in affecting productivity and technical efficiency and how different regulations interact with both the accumulation of knowledge assets and the transfer of technology. Special emphasis is put on the analysis of trends and performance within the EU, across countries and sectors. The trends and performance of the EU at aggregate and sectoral levels are also contrasted with those of other major competitors, such as the United States, Japan or Korea. Further, the effects of the recent crisis on productivity and efficiency at firm level are explored.

Keywords: competitiveness; industrial organisation; manufacturing; services (search for similar items in EconPapers)
JEL-codes: O11 O12 O43 O57 L60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse and nep-eff
Date: 2014-09
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