French Manufacturing Sector Surpasses US in Productivity Growth Through Innovation.
The productivity growth in the French manufacturing sector from 1980 to 2002 has been on par with the United States and higher than the United Kingdom. Sectors further behind in technology have seen faster productivity growth. Research and development spending and trade with advanced economies boost productivity, but don't speed up catching up. On the other hand, labor market factors like the replacement ratio and minimum wage ratio to median wage have a negative impact on productivity growth.