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

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Tác giả: European Investment Bank, Áron Gereben, Patricia Wruuck

Ngôn ngữ: eng

Ký hiệu phân loại:

Thông tin xuất bản: European Investment Bank, 2021

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 240089

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.
1. Finance
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