The New Lisbon Strategy: An estimation of the economic impact of reaching five Lisbon targets
The Lisbon strategy could reinvigorate Europe�s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europe�s economy the most competitive in the world. If Europe would really reach the goals they set, Europe�s Gross Domestic Product could increase by 12% to 23% and employment by about 11%. This paper draws this conclusion after having analysed five of the most important Lisbon goals: the internal market for services, the reduction of administrative burdens, goals on improving human capital, the 3% target on research and development expenditures, and 70% target on the employment rate. Using CPB�s general equilibrium model for the world economy we have simulated the consequences for Europe of reaching the Lisbon targets in these fields.
Bibliographic Reference: European Commission, Enterprise and Industry DG, Brussels, 2006, English, 122 pp, free of charge
Availability: The document can be downloaded at: http://europa.eu/comm/enterprise/enterprise_policy/competitiveness/
Record Number: 200618631 / Last updated on: 2006-07-20
Original language: en
Available languages: en