EIB Working Paper 2021/01 - Towards a new growth model in CESEE : : Convergence and competitiveness through smart, green and inclusive investment / / Volume 2021/01 / European Investment Bank, Áron Gereben, Patricia Wruuck.
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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Place / Publishing House: | Luxembourg : : European Investment Bank,, 2021. |
Year of Publication: | 2021 |
Language: | English |
Physical Description: | 1 online resource (50 p.) |
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Summary: | 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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ISBN: | 9286149360 |
Hierarchical level: | Monograph |
Statement of Responsibility: | European Investment Bank, Áron Gereben, Patricia Wruuck. |