Can Innovation Explain the Increasing Growth Differences in the 1990s?
The growth in manufacturing output and productivity is related to several indicators of innovation activities: research, human capital, knowledge, capabilities and the use of information and communication technology. Additionally, the need for restructuring forced mature and capital-intensive indust...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | Austrian Economic Quarterly |
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| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2002
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| Zusammenfassung: | The growth in manufacturing output and productivity is related to several indicators of innovation activities: research, human capital, knowledge, capabilities and the use of information and communication technology. Additionally, the need for restructuring forced mature and capital-intensive industries throughout Europe to increase their productivity. The impact of innovation on growth and productivity seems to have been stronger in the USA than in Europe. This is a result of industry patterns and the cumulative nature of causes and effects. Only a small set of European top countries manages to close the gap towards the USA with respect to some innovation indicators and are successfully contesting the USA. |
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