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Modelling the Lisbon Strategy: Analysing Policies to Promote Knowledge Investment with an Endogenous Growth Model

Listed author(s):
  • Werner Roeger

    (European Commission, DG ECFIN, BU-1, 3/163, Rue de la Loi 200, Brussels/Bruxelles, B-1049, Belgium. E-mails: werner.roeger@ec.europa.eu; janos.varga@ec.europa.eu; jan.intveld@ec.europa.eu)

  • Janos Varga

    (European Commission, DG ECFIN, BU-1, 3/163, Rue de la Loi 200, Brussels/Bruxelles, B-1049, Belgium. E-mails: werner.roeger@ec.europa.eu; janos.varga@ec.europa.eu; jan.intveld@ec.europa.eu)

  • Jan In't Veld

    (European Commission, DG ECFIN, BU-1, 3/163, Rue de la Loi 200, Brussels/Bruxelles, B-1049, Belgium. E-mails: werner.roeger@ec.europa.eu; janos.varga@ec.europa.eu; jan.intveld@ec.europa.eu)

We use an endogenous growth model to look at policies that could increase the rate of knowledge investment and innovations in the EU. Among the possible options we consider are R&D tax incentives, removal of entry barriers for start-ups, increasing competition in services and high-skilled immigration. All policies discussed in this paper have the potential to increase knowledge investment in the EU. The most promising reform areas seem to be a reduction in financial frictions and increased competition in services.

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Article provided by Palgrave Macmillan & Association for Comparative Economic Studies in its journal Comparative Economic Studies.

Volume (Year): 51 (2009)
Issue (Month): 4 (December)
Pages: 520-539

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Handle: RePEc:pal:compes:v:51:y:2009:i:4:p:520-539
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