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Article: Europe vs. United States: Which Industries are Leading the Global Productivity Race? Productivity Gains for Europe: there's good news - and bad.

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PR Newswire
Article date:
June 27, 2002
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NEW YORK -- The good news? The diffusion of Information and Communication Technology (ICT) in Europe is underway, and if the ICT revolution in Europe looks familiar there is good reason. It appears that ICT diffusion in Europe is following a remarkably similar pattern across industries to that experienced in the United States. Similarities also exist between the distribution of productivity growth across industries. Moreover, in ICT-producing industries, Europe's productivity gains parallel those in the United States.

The bad news? While the overall patterns may be similar, there is a key difference -- the pace of diffusion is slower in Europe, and the gap with ...

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