Deindustrialization, structural change and the European productivity dilemma: Growth slowdown and the lost decade

Aggregate productivity growth in the EU14 has slowed significantly in recent decades. Structural change toward services has contributed significantly to the growth slowdown. Future growth is projected to decline further due to the rise of sectors with stagnant productivity. Europe is projected to fall further behind the US in terms of productivity. R&D tax credits may not cure Europe's productivity malaise due to negative reallocation effects.

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Year of publication:	2024
Authors:	Duernecker, Georg
Published in:	EconPol Forum. - ISSN 2752-1184. - Vol. 25.2024, 3, p. 19-22
Publisher:	Munich : CESifo GmbH

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	1891143409 [GVK]
Source:	EconStor

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