Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73807 
Authors: 
Year of Publication: 
2010
Series/Report no.: 
ifo Working Paper No. 86
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
Over the last two decades EU countries experienced diverging productivity growthdevelopments. By examining the sources of EU countries growth drivers on the sectorallevel, the paper takes a new look on the influence of innovations. While standard neoclassicalNon-ICT capital deepening turns out the major contributor to EU productivitygrowth, detail industry analysis reveals that growth in innovation stocks via increasedR&D in specialized and science-based industries spurred productivity growth as well.But those effects are only found for Nordic and Western Continental EU countries,while others are lacking such effects. Moreover, these specialized and science-basedindustries experienced strong innovation and productivity growth by decreases in competition,thereby favoring Schumpeterian growth arguments for highly dynamic sectors.
Subjects: 
Productivity growth
market structure
competition
innovation
R&D
panel data
industry analysis
JEL: 
L10
L60
O30
O40
O52
Document Type: 
Working Paper

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