EIB Working Paper 2021/01 - Towards a new growth model in CESEE Convergence and competitiveness through smart, green and inclusive investment (Volume 2021/01)

The factors behind the pre-crisis growth model of the Central, Eastern and South-Eastern European EU countries (CESEE) region - skilled yet affordable labour force, foreign direct investment, imports of productivity-enhancing technology - are having less effect, but are yet to be substituted. This p...

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Autor principal: Gereben, Áron (auth)
Outros Autores: Wruuck, Patricia (auth), European Investment Bank (Editor)
Formato: Recurso Eletrônico Capítulo de Livro
Idioma:inglês
Publicado em: European Investment Bank 2021
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Resumo:The factors behind the pre-crisis growth model of the Central, Eastern and South-Eastern European EU countries (CESEE) region - skilled yet affordable labour force, foreign direct investment, imports of productivity-enhancing technology - are having less effect, but are yet to be substituted. This paper proposes a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation and a strong focus on skills, labour and social inclusion, to leave the middle-income trap behind for good and to boost economies' growth prospects in a post-COVID world. Based on analysis of firm-level data, it highlights the prerequisites of making this transition happen.
ISBN:/doi.org/10.2867/1421
9789286149368
Acesso:Open Access