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How to boost productivity in the EU

Summary:
Advances in total factor productivity (TFP) are important for sustaining economic growth in modern economies, in particular in the face of a declining working-age population. In a new EconPol Europe policy brief we identify investment in research and development, good governance, the capital intensity, a high share of information technology in the total capital stock, and the number of industrial robots per employee as conducive to TFP growth. Based on the empirical results, policies that are beneficial for capital formation in general, investment in computer technology, research and development as well as the use of industrial robots could boost TFP in Europe. Klaus Weyerstrass, "How to Boost Productivity in the EU", EconPol

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Advances in total factor productivity (TFP) are important for sustaining economic growth in modern economies, in particular in the face of a declining working-age population.

In a new EconPol Europe policy brief we identify investment in research and development, good governance, the capital intensity, a high share of information technology in the total capital stock, and the number of industrial robots per employee as conducive to TFP growth. Based on the empirical results, policies that are beneficial for capital formation in general, investment in computer technology, research and development as well as the use of industrial robots could boost TFP in Europe.

Klaus Weyerstrass, "How to Boost Productivity in the EU", EconPol Policy Brief 8, September 2018, Information

Contacts

Klaus Weyerstrass
Phone: +43-159991233
Email: [email protected] 

Juliet Shaw
Phone: +44 78 37 36 0470 or +34 68 64 84 177
Email: [email protected]

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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