Technology diffusion, services, and endogenous growth in Europe : Is the Lisbon Strategy useful? /
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 E...
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| Format: | Book |
| Language: | English |
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[Washington, D.C.] :
International Monetary Fund, Office of Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino and Timor-Leste,
2005
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| Series: | IMF working paper ;
WP/05/103 |
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| 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 |
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| Physical Description: | 1 online resource (48 pages) |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002 |
| Bibliography: | Includes bibliographical references |
| ISBN: | 1283512971 1451906587 1452761264 1462315526 6613825425 9781283512978 9781451906585 9781452761268 9781462315529 9786613825421 |