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Raising EU Productivity: Lessons from Improved Micro Data

Raising EU Productivity: Lessons from Improved Micro Data

Objective

MICROPROD will examine the empirical observation that productivity growth in the developed world has slowed down in the past decade despite both technological innovation continuing as well as greater openness to trade. Our objective is to provide explanations to this puzzle, improving our understanding of productivity and its drivers in general as well as the way that we measure it. In bringing together top micro and macro-economists from highly reputable research institutions in both the academic and policy communities with experts from statistical agencies, MICROPROD will provide the building blocks for next generation economic policy thinking and attempts to answer the following four set of questions: 1) Do we measure productivity correctly? We will gather relevant data and improve the methodologies used to measure productivity. This will be done in a comparative European perspective and with the help of statistical authorities. 2) Do we understand all the mechanisms at work, from intangible investments to integrating into global value chains? We will increase our understanding of how these mechanisms lead to new methods of production, in the way that inputs are combined to produce outputs. 3) What are the combined effects of globalisation and technological change in terms of their distributional impacts? Newly available micro-level data will allow us to provide evidence on the channels through which globalisation and technological change interact with financial and labour market imperfections and impact on the distributions of productivity and income, with an analysis spanning both within and across countries. 4) Is the policy environment conducive to the new productivity environment? Are policies in place designed to support the new mechanisms at work and how can they be adapted in the EU context? We will examine how the general macroeconomic environment can ensure that demand meets supply and that there is adequate financing to promote investment and growth.
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Coordinator

LEIBNIZ-INSTITUT FUER WIRTSCHAFTSFORSCHUNG HALLE E.V.

Address

Kleine Maerkerstrasse 8
06108 Halle (Saale)

Germany

Activity type

Research Organisations

EU Contribution

€ 895 925

Participants (8)

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AARHUS UNIVERSITET

Denmark

EU Contribution

€ 235 358,75

UNIVERSITA COMMERCIALE LUIGI BOCCONI

Italy

EU Contribution

€ 405 126,25

BRUEGEL AISBL*

Belgium

EU Contribution

€ 438 265

MAGYAR TUDOMANYOS AKADEMIA KOZGAZDASAG- ES REGIONALIS TUDOMANYI KUTATOKOZPONT

Hungary

EU Contribution

€ 340 687,50

ECOLE D'ECONOMIE DE PARIS

France

EU Contribution

€ 137 500

STICHTING VU

Netherlands

EU Contribution

€ 202 012,50

STATISTISCHES BUNDESAMT

Germany

EU Contribution

€ 160 000

UNIVERSITY COLLEGE LONDON

United Kingdom

EU Contribution

€ 161 621,25

Project information

Grant agreement ID: 822390

Status

Ongoing project

  • Start date

    1 January 2019

  • End date

    31 December 2021

Funded under:

H2020-EU.3.6.1.1.

  • Overall budget:

    € 2 976 496,25

  • EU contribution

    € 2 976 496,25

Coordinated by:

LEIBNIZ-INSTITUT FUER WIRTSCHAFTSFORSCHUNG HALLE E.V.

Germany