TY  - BOOK
AU  - Adarov,Amat
AU  - Stehrer,Robert
TI  - Capital Dynamics, Global Value Chains, Competitiveness and Barriers to FDI and Capital Accumulation in the EU
T2  - wiiw Research Reports
PY  - 2020///
CY  - Wien
PB  - Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
KW  - Productivity
KW  - digitalisation
KW  - ICT capital
KW  - FDI
KW  - global value chains
KW  - barriers to ICT investments
KW  - intangible capital
KW  - non specific
N2  - 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

UR  - https://wiiw.ac.at/p-5346.html
ER  -