EU competitiveness under new perspectives
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EU competitiveness under new perspectives
WELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives a Vogel (WIFO)41548EUROPEAN COMMISSION European Research Arealanded under Stcio-Koramc Sciences a HunaaitiesAuthors. Karl Aiginger (WIFO). Susanne Bărenthaler-Sieber (WIFO), Johanna Vogel (WIFO)Reviewed by. Gunther Tichy (WIFO)Competitiveness under New PerspectivesWork Package 301MS46 "Research pape EU competitiveness under new perspectives r competitiveness under new perspectives"Working Paper no 44This paper can be downloaded from v/o foreurope euPlease respect that this report was prodEU competitiveness under new perspectives
uced by the named authors within the WWWforEurope project and has to be cited accordinglywwwform!EUROPE®!WE LFAR f WEALTH WORKTHEME SSH.2011.1.2-1SociWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives WELFAREWEALTHWORKCompetitiveness under New PerspectivesKarl Aiginger (WIFO), Susanne Barenthaler-Sieber (WIFO), Johanna Vogel (WIFO)Contribution to tho ProjectEuropean growth has been disappointing in the past two decades. Europe failed to catch up with the US in factor productivity, and is growing EU competitiveness under new perspectives slower than the US economy in and after the financial crisis. Unemployment rate is about 10%. While Europe has a balanced external trade and relativeEU competitiveness under new perspectives
stable export market shares, this is not the case for many Member countries and not for sophisticated industries. This calls for new policies to enhaWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives er strategy. Some concepts of competitiveness have been correctly criticised for overemphasising price competitiveness disregarding social innovations, inclusiveness, and education, as well as modern services or ecological innovations as drivers of growth, new jobs and sustainability.The object of t EU competitiveness under new perspectives his Milestone papers is first to discuss how the concept of competitiveness has evolved over time, and which further changes have to be made after theEU competitiveness under new perspectives
experiences of the financial crisis (as well as the five challenges defined in this research project, demography, globalisation, new technologies andWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives he competitiveness of industries and countries in general over the past decade, and specifically with respect to the new challenges and changes necessary for the transition to a new growth path. It contributes in particular to the first central question, to some extent also to research question thre EU competitiveness under new perspectives e. It is closely related to task 301.3 (where policy conclusions are derived from the new concepts and the empirical findings) and to all tasks in 302EU competitiveness under new perspectives
(innovation policy) and 306 (industrial policy).Keywords: Competitiveness, economic growth path, industrial policy, social capital as growth driver, WELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives try performance and for policy conclusions. We attempt to establish a definition that is adequate if economic policy stnves for a new growth path that is more dynamic, socially inclusive and ecologically sustainable. We tentatively apply the proposed definition to evaluate the "competitiveness" of E EU competitiveness under new perspectives U member states as well as to compare Europe's competitiveness with that of the US. Switzerland. Japan and China, where possible.In the first part ofEU competitiveness under new perspectives
the paper, we examine the evolution of the concept from a focus on "inputs" at the firm level (price or cost competitiveness) to economic structure anWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives WforEurope project. We propose to define competitiveness as the 'ability of a country (region, location) to deliver the beyond-GDP goals for its citizens".In the second part of the paper, the performance of the EU-27 countries is assessed along the dimensions described above. We begin with price com EU competitiveness under new perspectives petitiveness and then proceed to economic structure and countries' capabilities regarding innovation, education, the social system, institutions and eEU competitiveness under new perspectives
nvironmental ambition. We conclude with outcome competitiveness in terms of economic, social and ecological outcomes. Overall, we compile a database oWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives etween "outcome” and "input" competitiveness for the EU-27 using panel data analysis for the period from 2000 to 2010. We construct a composite indicator for outcome competitiveness consisting of income, social and ecological pillars, following the beyond-GDP literature. This measure is then econome EU competitiveness under new perspectives trically related to composite indicators of the three groups of input indicators: price competitiveness, economic structure, and capabilities. The resEU competitiveness under new perspectives
ults of panel regressions suggest that both economic structure and capabilities on aggregate are positively related to our measure of outcome competitWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), Johanna EU competitiveness under new perspectives gical ambition and institutions are positively associated with outcome competitiveness. Overall, we conclude that a narrow focus on the price component of competitiveness neglects other aspects of the concept that are likely to be particularly important for high-income economies like the EU-27.Ackno EU competitiveness under new perspectives wledgementsWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), JohannaWELFAR EWE ALTH WORKCompetitiveness under New PerspectivesWorking Paper no 44Authors: Karl Aiginger (WIFO), Susanne Bãrenthaler-Sieber (WIFO), JohannaGọi ngay
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