The Future of Productivity Improving the Diffusion of Technology and Knowledge

DIGIWORLD ECONOMIC JOURNAL, no. 100, 4th quarter. 2015, p. 85

21 Pages Posted: 30 Sep 2016

See all articles by Dan Andrews

Dan Andrews

OECD

Chiara Criscuolo

Organization for Economic Co-Operation and Development (OECD)

Dirk Pilat

OECD

Date Written: November 16, 2015

Abstract

Productivity growth is the main driver of living standards. But productivity has slowed down over the past decade, starting already before the crisis. This paper shows that this is linked to a slowdown in the diffusion of global frontier innovations to other firms and difficulties in reallocating resources to the most productive firms. The paper also points to some key barriers to the diffusion of new innovations that prevent new knowledge and technology from flowing to less productive firms. Finally, it explores policy reforms that can help revive the diffusion machine and strengthen productivity growth.

Keywords: productivity; innovation; technological change

JEL Classification: D24, O33, O47

Suggested Citation

Andrews, Dan and Criscuolo, Chiara and Pilat, Dirk, The Future of Productivity Improving the Diffusion of Technology and Knowledge (November 16, 2015). DIGIWORLD ECONOMIC JOURNAL, no. 100, 4th quarter. 2015, p. 85, Available at SSRN: https://ssrn.com/abstract=2845360

Dan Andrews (Contact Author)

OECD ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France

Chiara Criscuolo

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Dirk Pilat

OECD ( email )

Paris
France

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