Bruegel has just published the report “Measuring competitiveness in Europe: resource allocation, granularity and trade.” The study provides a differentiated understanding of growth, productivity and competitiveness and the important role public policy needs to play.
According to the report, one of the most important lessons learned during the 2008-09 financial crisis was that the informational toolbox on which policymakers base their decisions about competitiveness became outdated in terms of both data sources and data analysis.
The toolbox is particularly outdated when it comes to tapping the potential of micro data for the analysis of competitiveness.
This study provides some concrete examples from recent advances in the analysis of competitiveness.
Download Measuring competitiveness in Europe here.