This European survey examines (a) Current enforcement of competition policy in Europe is not working to promote innovation and growth; b) European Union bureaucracy and regulations are a substantial constraint on innovation in Europe; c) The conduct of the dominant US tech companies in European markets (including lobbying and acquisition of start-ups and competitors) is a substantial constraint on innovation in Europe
Keyword: productivity
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This week's IGM European Economic Experts Panel Statement:
Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement:
Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability.
This week's IGM Economic Experts Panel statement:
Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement:
Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability.
This week's IGM Economic Experts Panel statement:
The biggest reason for the measured slowdown in US productivity growth since the mid-2000s is that productivity increases have gone mismeasured, including new and better products and services that have been insufficiently captured by real output data.
This week's IGM Economic Experts Panel Statement:
The influx of refugees into Germany beginning in the summer of 2015 will generate net economic benefits for German citizens over the succeeding decade.
This week's IGM European Economic Experts Panel statement:
The influx of refugees into Germany beginning in the summer of 2015 will generate net economic benefits for German citizens over the succeeding decade.
This week’s European Economic Experts Panel statements:
A) Revising France’s labor market policies — by reducing employment protection, decentralizing labor negotiations to the firm level, and making training programs more accessible and responsive to labor demands — would, all else equal, increase productivity in France’s economy.
B) Reducing employment protection would reduce the equilibrium unemployment rate in France.
This week's IGM Economic Experts Panel statement:
Because labor markets across different sectors are connected, rising productivity in manufacturing leads the cost of labor-intensive services — such as education and health care — to rise.
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