Abstract

http://ssrn.com/abstract=887972
 
 

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Technology Diffusion, Services, and Endogenous Growth in Europe: Is the Lisbon Strategy Useful?


Paolo Guerrieri


University of Rome "La Sapienza" - Department of Economics

Bernardo Maggi


affiliation not provided to SSRN

Pier Carlo Padoan


International Monetary Fund (IMF)

May 2005

IMF Working Paper No. 05/103

Abstract:     
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, the reduction of regulatory barriers, and the accumulation of technology and human capital. Our results support the basic insights of the Lisbon Agenda. Economic growth in Europe is enhanced to the extent that: trade in services increases, technology accumulation and diffusion increase, regulation becomes both less intensive and more uniform across countries, and human capital accumulation increases in all countries.

Number of Pages in PDF File: 49

Keywords: Economic integration, manufacturing and services, technology diffusion

JEL Classification: F150, O140, O330

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Date posted: March 3, 2006  

Suggested Citation

Guerrieri, Paolo and Maggi, Bernardo and Padoan, Pier Carlo, Technology Diffusion, Services, and Endogenous Growth in Europe: Is the Lisbon Strategy Useful? (May 2005). IMF Working Paper, Vol. , pp. 1-49, 2005. Available at SSRN: http://ssrn.com/abstract=887972

Contact Information

Paolo Guerrieri Paleotti (Contact Author)
University of Rome "La Sapienza" - Department of Economics ( email )
Via del Castro Laurenziano 9
Rome, 00161
Italy
Bernardo Maggi
affiliation not provided to SSRN
No Address Available
Pier Carlo Padoan
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
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