Growth, Structural Dynamics and EU Integration in the Context of the Lisbon Agenda
AbstractThe long term dynamics of growth and structural change in open economies are discussed where integration aspects are included. Taking a closer look at basic economic dynamics, namely developments in terms of sustainable growth and international interdependencies, the theoretical section emphasizes international links on the demand side as well as (within a theoretical innovation) on the supply side. The latter basically means the production function where a broader range of inputs, including technology effects and aspects of foreign direct investment are considered. For the first time, the distinction between efficient international specialization and golden efficient international specialization is discussed here. With respect to the EU, the Lisbon Agenda is discussed and various policy conclusions are drawn. The Euro area has considerable strong points in terms of a high potential for sustained growth; at the same time, one cannot overlook that aging, and partly weak prudential supervision represent serious challenges. The EU has achieved some increase in the growth of productivity and output due to its modernization efforts in the field of telecommunications and information as well as communication technology. Major challenges for policymakers are identified, including the field of green ICT, which could become a common field of cooperation between the EU and China.
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Bibliographic InfoPaper provided by Universitätsbibliothek Wuppertal, University Library in its series EIIW Discussion paper with number disbei158.
Length: 52 Pages
Date of creation: Nov 2008
Date of revision:
Contact details of provider:
Web page: http://elpub.bib.uni-wuppertal.de
Economic Growth; Structural Change; Economic Integration; Lisbon Agenda;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
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.:
- Inklaar, Robert & Mahony, Mary O' & Timmer, Marcel, 2003.
"ICT and Europe's productivity performance industry-level growth account comparisons with the United States,"
GGDC Research Memorandum
200368, Groningen Growth and Development Centre, University of Groningen.
- Robert Inklaar & Mary O'Mahony & Marcel Timmer, 2005. "ICT AND EUROPE's PRODUCTIVITY PERFORMANCE: INDUSTRY-LEVEL GROWTH ACCOUNT COMPARISONS WITH THE UNITED STATES," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(4), pages 505-536, December.
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