The Nobel laureate economist Paul Krugman uses the wrong metric - purchasing power parity - to make the case that Europe is not lagging far behind the US in terms of productivity. The right metric shows that the gap is growing.

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29 May 2026

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Project Syndicate

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https://www.project-syndicate.org/onpoint/paul-krugman-is-wrong-about-us-europe-productivity-gap-by-philippe-aghion-et-al-2026-05

This Blog is published under the centre's Growth programme.