Roeger, Werner; Varga, Janos; Jan in 't Veld - Directorate-General Economic and Financial Affairs, … - 2010
between the EU and the US, namely a higher level of productivity and knowledge investment and larger skill premia in the US … compared to the EU. The model allows us to explain these differences in terms of differences in subsidies to R and D, mark ups … lower productivity in the EU, while entry barriers explain the bulk of the knowledge investment gap and high skilled wage …