Skip to main content
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.
Philippe Aghion, Antonin Bergeaud and Luis Garicano
29 May 2026
Project Syndicate
https://www.project-syndicate.org/onpoint/paul-krugman-is-wrong-about-us-europe-productivity-gap-by-philippe-aghion-et-al-2026-05
This work is published under POID and the CEP's Growth programme.