A NEW ERA FOR EUROPE'S ECONOMY
Keywords:
European economy, productivity growth, total factor productivity (TFP), large corporations, startups andAbstract
Unlocking Productivity Potential at the Firm Level Over the past few decades, Europe has steadily lost ground in the global productivity race. Despite significant reforms, increased integration within the European Union (EU), and investments in infrastructure and technology, labor productivity in most European countries continues to lag behind that of the United States. This persistent gap raises questions about the underlying structural and institutional factors at play.
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