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The new Lisbon Strategy: An estiamtion of the impact of reaching 5 Lisbon targets

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  • Gelauff, George
  • Lejour, Arjan

Abstract

The Lisbon strategy could reinvigorate Europe’s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europe’s economy the most competitive in the world. If Europe would really reach the goals they set, Europe’s Gross Domestic Product could increase by 12 to 23% and employment by about 11%. This paper draws this conclusion after having analysed five of the most important Lisbon goals: the internal market for services, the reduction of administrative burdens, goals on improving human capital, the 3% target on research and development expenditures, and the 70% target on the employment rate. Using CPB’s general equilibrium model for the world economy we have simulated the consequences for Europe of reaching the Lisbon targets in these fields.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 16168.

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Date of creation: Jan 2006
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Handle: RePEc:pra:mprapa:16168

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Keywords: Jobs creation; economic growth; Lisbon agenda: general equilibrium model;

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Cited by:
  1. Bianka Dettmer, 2012. "Business services outsourcing and economic growth: Evidence from a dynamic panel data approach," Jena Economic Research Papers 2012-049, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. Bianka Dettmer, 2012. "The European Union's service directive: Contrasting ex ante estimates with empirical evidence," Jena Economic Research Papers 2012-019, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  3. Ugur, Mehmet & Guner, Umit, 2010. "Innovation and competition in EU15: Empirical evidence on the Lisbon Decade and beyond," MPRA Paper 25705, University Library of Munich, Germany, revised Oct 2010.
  4. Christian Dreger & Manuel Art�s & Rosina Moreno & Raúl Ramos & Jordi Suri�ach, 2007. "Study on the feasibility of a tool to measure the macroeconomic impact of structural reforms," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 272, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.

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