Capital dynamics, global value chains, competitiveness and barriers to FDI and capital accumulation in the EU

Bericht

The study analyses the relationships between capital dynamics, productivity, global value chains and foreign direct investment using panel data techniques. Among other results, we confirm the high importance of tangible and intangible ICT capital for productivity and GVC integration. We examine the extent of underinvestment in ICT in the EU relative to other major economies and identify bottlenecks for efficient capital allocation. The sluggish economic performance of the EU in the post-crisis period has been further challenged by the COVID-19 outbreak. Consolidating policy efforts to facilitate ICT investment, tackling the barriers to ICT adoption and broad-based digitalisation are critical for the EU in order to maintain a competitive edge and unlock new growth opportunities in the new normal.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: wiiw Research Report ; No. 446

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Trade ; Economic Integration ; International Investment; Long-term Capital Movements ; Investment; Capital; Intangible Capital; Capacity ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Subject: productivity ; digitalisation ; ICT capital ; FDI ; global value chains ; barriers to ICT investments ; intangible capital

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Adarov, Amat ; Stehrer, Robert
• Event: Veröffentlichung
• (who): The Vienna Institute for International Economic Studies (wiiw)
• (where): Vienna
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/223096
• Last update: 10.03.2025, 11:43 AM CET