391_Reexamen_de_lecart_de_performance_de_lEurope_vis-a-vis_des_etats-unis.pdf

Here are the key points summarized in English:

Productivity Gap between France and US

• The productivity gap between France and the US is largely driven by the tech sector.
• Excluding the tech sector, French productivity growth matches that of the US over the past 20 years.

Sectoral Breakdown

• Three sectors (communications, information technology, and commerce) account for two-thirds of the difference in productivity growth between France and the US.
• These sectors are characterized by high-tech intensity and have experienced significant productivity gains in the US due to increased use of digital technologies.

Implications for France

• French policies should focus on promoting strategies to boost productivity in high-tech sectors, such as investments in research and development, education, and training.
• To achieve this, it is essential that France's labor market adjusts to accommodate a higher employment rate, unlike the past trends.