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Addressing productivity paradox with big data: implications to policy making

Project description

New methodology for better European productivity

The current problem of the European economy is a paradox: EU Member States have innovating economies but they fail to achieve increases in productivity, wages and domestic growth. The EU-funded BigProd project aims to broaden present econometrics methodologies with theoretically sound 'Big Data' operationalised measures, validated through pilots and communicated to relevant stakeholders – a method achieved by uncovering the origins of the slowdown of productivity in many Western economies. The BigProd model will be operationalised through a random stratified sample of up to 200 000 European companies. This proposed approach is highly novel and will help create new policies to solve issues of low productivity.

Field of science

  • /natural sciences/computer and information sciences/data science/big data
  • /social sciences/economics and business/economics/production economics/productivity

Call for proposal

H2020-SC6-TRANSFORMATIONS-2019
See other projects for this call

Funding Scheme

RIA - Research and Innovation action

Coordinator

TEKNOLOGIAN TUTKIMUSKESKUS VTT OY
Address
Tekniikantie 21
02150 Espoo
Finland
Activity type
Research Organisations
EU contribution
€ 250 305

Participants (4)

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.
Germany
EU contribution
€ 173 531,25
Address
Hansastrasse 27C
80686 Munchen
Activity type
Research Organisations
VIESOJI ISTAIGA VIESOSIOS POLITIKOSIR VADYBOS INSTITUTAS
Lithuania
EU contribution
€ 241 850
Address
Gedimino Pr 50/A Rotundo G 2
01110 Vilnius
Activity type
Research Organisations
UNIVERSITEIT MAASTRICHT
Netherlands
EU contribution
€ 174 040
Address
Minderbroedersberg 4-6
6200 MD Maastricht
Activity type
Higher or Secondary Education Establishments
TECHNISCHE UNIVERSITEIT DELFT
Netherlands
EU contribution
€ 154 000
Address
Stevinweg 1
2628 CN Delft
Activity type
Higher or Secondary Education Establishments