IMF Working Papers

Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?

May 1, 2005

Download PDF

Preview Citation

Format: Chicago

Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?, (USA: International Monetary Fund, 2005) accessed September 20, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, the reduction of regulatory barriers, and the accumulation of technology and human capital. Our results support the basic insights of the Lisbon Agenda. Economic growth in Europe is enhanced to the extent that: trade in services increases, technology accumulation and diffusion increase, regulation becomes both less intensive and more uniform across countries, and human capital accumulation increases in all countries.

Subject: Human capital, Information technology in revenue administration, International trade, Labor, Revenue administration, Technology, Technology transfer, Trade in services

Keywords: Economic integration, Estimation result, EU integration, EU output growth, EU product market regulation, Europe, Human capital, Information technology in revenue administration, Manufacturing and services, Product market, Rate of growth, Service sector, Technology accumulation, Technology diffusion, Technology transfer, Trade in services, WP

Publication Details

  • Pages:

    48

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2005/103

  • Stock No:

    WPIEA2005103

  • ISBN:

    9781451861228

  • ISSN:

    1018-5941

You May Also Be Interested In...

Navigating Minefields and Headwinds: National Security, Demographic Shifts, Climate Change and Fiscal Policy in Lithuania

September 20, 2024

Bangladesh: Technical Assistance Report-Report on Residential Property Price Index (RPPI) Mission (May 19–27, 2024)

September 20, 2024

Central Bank Digital Currency Adoption: Inclusive Strategies for Intermediaries and Users

September 20, 2024

Bhutan: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

September 19, 2024