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Long-term economic projections and scenarios

Objective

Specific Objectives:
1. To indicate in quantitative terms what the implications of the Lisbon strategy are for each Member State and Candidate Country, taking into account its current employment situation and the potential growth and employment of the main sectors on which its economy depends;
2. To ensure that the various policies are consistent with the Union's long- term objectives, and that economic, social and environmental considerations receive equal attention. Anticipated milestones and schedule;
1.1 Tables with 28 entries;
2.1 Report containing long-term economic projections (at least up to 2010) and chapters on economic growth and sustainable (environmental) development.
Planned Deliverables:
1.1 Tables with 28 entries 2.1 Report containing long-term economic projections (at least up to 2010) and chapters on economic growth and sustainable (environmental) development.
Summary of the Action:
The work here is to create an expert system making use of formal methods (econometrics) and systematic tools (economic models) to identify and analyse the regional and global challenges which the present and future EU Member States face in the process of economic integration in the next decade. The work is a direct outcome of the enlargement futures steering group meeting in May 2002, in which there was a significant involvement of User DGs. In 2003 expert groups will launched to support for economic model simulations and scenarios. They will examine the main drivers of change, specific to the economic integration process, and analyse the ways to achieve the EU's targets of competitiveness and sustainability. The action is aimed at informing European policy makers and the public at large about policy challenges related to future technological and socio-economic developments. Rationale In the area of policy co-ordination the Lisbon Council foresaw a central role for DG ECFIN: "The Broad Economic Policy Guidelines should focus increasingly on the medium- and long-term implications of structural policies and on reforms aimed at promoting growth potential, employment and social cohesion, as well as on the transition towards a knowledge-based economy." DG EMPL and DG REGIO have expressed a special interest in this Action.

Funding Scheme

JRC - Joint Research Centre research

Coordinator

Institute for Prospective Technological Studies
Address
Edificio Expo, C/ Inca Garcilaso S/n
E-41092 Seville
Spain