The EU has grown less, and has become less productive, than the US in the last twenty years. The differences are small, but a healthy ambition to do better justifies analysing the sources of this difference and how policy can affect them. This paper focuses on the pattern of specialisation of...

The EU has grown less, and has become less productive, than the US in the last twenty years. The differences are small, but a healthy ambition to do better justifies analysing the sources of this difference and how policy can affect them. This paper focuses on the pattern of specialisation of...