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Re-industralising the eurozone

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  • Jean-Luc Gaffard

    ()
    (Ofce sciences-po, Skema Business school)

Abstract

Real divergences in economic performances that emerge between countries belonging to the eurozone make it necessary to define an economic policy oriented toward a re-industrialization of some regions in Europe.In a world characterised by irreversibility of investment and imperfection of market information, supply reforms should consist in establishing a framework aimed at supporting both competition and cooperation between the various players of innovation, and thus allowing firms’ strategies to be successful.This requires reconsidering both national and European policies that are growth-enhancing, that is, competition policy, labour policy, regional policy, but also industrial policy that takes the form of large public programmes. However, any change in the industrial landscape in Europe will only be possible if a new macroeconomic policy prevents inappropriate destruction of productive capacities.

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Bibliographic Info

Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2013-08.

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Date of creation: Jun 2013
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Handle: RePEc:fce:doctra:1308

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  1. Patrick Musso & Stefano Schiavo, 2007. "The Impact of Financial Constaints on Firm Survival and Growth," Documents de Travail de l'OFCE 2007-37, Observatoire Francais des Conjonctures Economiques (OFCE).
  2. Mario Amendola & Jean-Luc Gaffard & Patrick Musso, 2006. "Innovation, Productivity Gains and the Evolution of Market Structure," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 113-134.
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