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The triggers of competitiveness: the EFIGE cross-country report. Bruegel Blueprint 17, 17 July 2012

Altomonte, Carlo and Aquilante, Tomasso and Ottaviano, Gianmarco I.P. (2012) The triggers of competitiveness: the EFIGE cross-country report. Bruegel Blueprint 17, 17 July 2012. [Policy Paper]

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    Abstract

    There is a pressing need for Europe to grow out of the crisis, meaning that Europe needs to become more competitive, enabling it to capture growth currently taking place mainly in emerging markets. But what are the triggers of competitiveness? The EFIGE project, led by Bruegel, takes a fresh look by inquiring into the determinants of firm-level international performance – focusing on external competitiveness. In the competitiveness debate, it is crucial to understand not only the macroeconomic challenge, but also to find the right micro-level triggers that will generate growth and exports. The authors identify firm-level total factor productivity as a major determinant of growth and exports. Human capital, research, equity finance and performance based incentives for employees also play their parts. Moreover, size matters and large firms typically are much better exporters than their smaller counterparts. This report builds on previous EFIGE research and studies in depth firm performance in seven countries (Austria, France, Germany, Hungary, Italy, Spain, United Kingdom) to identify the triggers of competitiveness.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Competitiveness.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > industrial policy
    EU policies and themes > Policies & related activities > innovation policy
    Countries > Austria
    Countries > France
    Countries > Germany
    Countries > Hungary
    Countries > Italy
    Countries > Spain
    Countries > U.K.
    EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Blueprint Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Jul 2012 10:59
    Number of Pages: 80
    Last Modified: 20 Jul 2012 10:59
    URI: http://aei.pitt.edu/id/eprint/35878

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