Working Paper: NBER ID: w0961
Authors: Zvi Griliches; Jacques Mairesse
Abstract: This paper compares and analyzes the growth of productivity in the manufacturing industries and firms in France and the U.S. based on newly assembled comparable data sets in both countries. Three explanations of the recent productivity slowdown are reviewed: shortfall in physical investment, rise in materials prices, and a decline in the intensity or fecundity of R&D investment, and found not to bear on the differences in productivity growth between and within the two countries, either at the industry or the firm levels.
Keywords: No keywords provided
JEL Codes: No JEL codes provided
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| capital investment (E22) | productivity growth (O49) |
| material prices (P22) | productivity growth (O49) |
| R&D expenditures (O32) | productivity growth (O49) |
| capital investment (E22) | total factor productivity (TFP) growth (O49) |
| R&D expenditures cannot fully explain productivity growth differences (O49) | productivity growth differences (O49) |