Productivity Debate: Measurement
There is a debate going on right now (some of it behind paywalls , see below) about how to compare productivity across countries. The debating question is whether Europe ( EU ) has fallen behind the US because of lagging productivity and whether the comparison can even be made given how Technology and Productivity are measured. The issues involve: Measurement , Economic Theory , Economic Models , Forecasting , Growth Mania , the Steady State Economy , Sustainability , Prosperity , Human Development , etc. etc. In this post, I will deal with Measurement. Notes References Bertuzzi, L. (2026) EU launches major tech push to break US and China dependence European Commission (2025) The Draghi report on EU Competitiveness Reserve Bank of Australia (2026) Productivity Nature Editorial (2025) End GDP Mania: how the World should really measure Prosperity . Kalman, R. E. (1980) System-Theoretic Critique of Dynamic Economic Models," International Journal of P...