Growth performance among the EU-15 countries has been mixed. While it has been sluggish in France, Germany and Italy, several other EU countries have done well. Some successful countries, such as Finland, Ireland, Sweden and the UK, have relied strongly on the introduction of new technologies, in particular information technology. Greece and Spain have also been successful but have relied on traditional capital accumulation and increased labour input. The Lisbon Strategy, which focuses on the role of knowledge-based industries, should adopt a more flexible approach. Countries on the technology frontier should continue to rely on knowledge-based sources for growth. Other countries would be better advised to rely mainly on accumulation of traditional capital and increases in labour input, while they approach the high-tech frontier via technology transfer. The key areas for growth policy include improvements in education and IT adoption, together with measures that enhance competition among firms. Fostering innovation and improving entrepreneurial activities in the EU is vital for economic growth.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
For technical questions regarding this item, or to correct its listing, contact: (Julio Saavedra).
Related research
Keywords:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: