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.
Objective
"The objective of the BIGPROD project is to extend existing econometric approaches to productivity, such as the Crepon-Duguet-Mairesse (CDM) model, with theoretically sound “Big data” measures that are operationalized, validated through pilots and communicated to relevant stakeholders. This is achieved by uncovering the origins of the productivity slowdown in most Western economies. Based on this understanding, we will extend the CDM model to better account for changes in the innovation process and utilize measures enabled by ""Big data"". The model created will be operationalized using for a random stratified sample of 160,000-200,000 European companies.
The operationalization and theoretical framework will be validated using a multi-criteria impact assessment approach. The validation will include three pilots based on issues arising from the research literature on challenges of existing measures of productivity. These are 1) high-technology and digitalization, 2) low-technology and innovation outcomes and 3) services and incumbent entrant dynamics. To allow for full integration with the policy cycle, the project will incorporate a deep stakeholder consultation mitigating the skills gap, creating transparency, enabling stakeholder influence in sources and tools and enabling policymakers being informed on utilizing tools and pilots.
The BIGPROD project addresses the work program by enabling the exploitation of ""Big data"" in productivity analysis with a transparent operationalization and pilots addressing key issues in integrating ""Big data"" to the policy cycle. The rigorous theoretical approach will enable a better understanding of the ""quasi-standstill"" of productivity. Using a tested data architecture, now being expanded, the project will address data accuracy and security. The impact assessment will allow us to create stakeholder validated results. Finally, outreach to existing indicator sets, such as observatories, will allow findings to be deployed."
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- natural sciences computer and information sciences data science big data
- social sciences economics and business economics production economics productivity
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.3.6. - SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.3.6.2.1. - Strengthen the evidence base and support for the Innovation Union and ERA
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
RIA - Research and Innovation action
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SC6-TRANSFORMATIONS-2018-2019-2020
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
02150 Espoo
Finland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.