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The Impact Of Innovation On Labor Productivity Growth In European Industries: Does It Depend On Firms- Competitiveness Strategies?

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Executive Summary

The diversity of technological activities that contribute to growth in labor productivity is examined in this paper for manufacturing and services industries in eight major EU countries. The authors test the relevance of the two major strategies of technological competitiveness (based on innovation in products and markets) or cost competitiveness (relying on innovation in processes and machinery) and their impact on economic performances. The authors propose models for the determinants of changes in labor productivity and the authors carry out empirical tests both for the whole economy and for the four Revised Pavitt classes that group manufacturing and services industries with distinct patterns of innovation.

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