Productivity Growth and Innovation in OECD
- Authors:
- Dominique Guellec, Dirk Pilat
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Pages
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41–60
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DOI
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10.1787/9789264044616-4-en
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Abstract
There has been renewed divergence of GDP per capita among OECD countries over the past decade: Whereas the relatively less advanced countries tended to catch up with the leader, the US, from the late 1940s to the late 1980s, the situation has reversed since the mid-1990s. While GDP growth was accelerating in the US, it was just slowing down in most countries of Europe and in Japan. It tended to slow down again in the 2000s in the US, but also in Europe.