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oapen-20.500.12657-47347
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oapen-20.500.12657-473472023-01-31T18:36:03Z EIB Working Paper 2021/01 - Towards a new growth model in CESEE Gereben, Áron Wruuck, Patricia European Investment Bank Business & Economics Finance bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance 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. 2021-03-16T04:30:30Z 2021-03-16T04:30:30Z 2021 book 9789286149368 https://library.oapen.org/handle/20.500.12657/47347 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/1421 https://doi.org/10.2867/1421 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286149368 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access
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OAPEN
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English
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| description |
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.
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| title |
gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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| title_short |
gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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| title_full |
gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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| title_fullStr |
gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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| title_full_unstemmed |
gp_daily_WEB_QHBK21001ENN_002.pdf.en.pdf
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| title_sort |
gp_daily_web_qhbk21001enn_002.pdf.en.pdf
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| publisher |
European Investment Bank
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| publishDate |
2021
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1771297581506232320
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