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If treated as a single economy, the European Union is the largest in the world, with an estimated GDP of over 14 trillion euros. Despite its size, European economic policy has often lagged behind the rest of the world in its ability to generate growth and innovation. Much of the European economic research itself often trails behind that of the USA, which sets much of the agenda in mainstream economics. This book, also available as open access, bridges the gap between economic research and policymaking by presenting overviews of twelve key areas for future economic policy and research. Written for the economists and policymakers working within European institutions, it uses comprehensive surveys by Europe's leading scholars in economics and European policy to demonstrate how economic research can contribute to good policy decisions, and vice versa, demonstrating how economics research can be motivated and made relevant by hot policy questions.
Each chapter of the volume is a state-of-the-art survey of the main areas of economics, taking into account the most burning European policy challenges
Illustrates the many ways that new data contributes to the understanding of European economics and policy
Shows how and to what extent economics research is contributing to the European policy debate
This book is also available as open access
Introduction Richard Blundell, Estelle Cantillon, Barbara Chizzolini, Marc Ivaldi, Wolfgang Leininger, Ramon Marimon, Laszlo Matyas and Frode Steen
1. Innovation and growth: the Schumpeterian perspective Philippe Aghion and Ufuk Akcigit14. Big data in economics: evolution or revolution? Christine De Mol, Eric Gautier, Domenico Giannone, Sendhil Mullainathan, Lucrezia Reichlin, Herman van Dijk and Jeffrey Wooldridge.
Description
If treated as a single economy, the European Union is the largest in the world, with an estimated GDP of over 14 trillion euros. Despite its size, European economic policy has often lagged behind the rest of the world in its ability to generate growth and innovation. Much of the European economic research itself often trails behind that of the USA, which sets much of the agenda in mainstream economics. This book, also available as open access, bridges the gap between economic research and policymaking by presenting overviews of twelve key areas for future economic policy and research. Written for the economists and policymakers working within European institutions, it uses comprehensive surveys by Europe's leading scholars in economics and European policy to demonstrate how economic research can contribute to good policy decisions, and vice versa, demonstrating how economics research can be motivated and made relevant by hot policy questions.
Each chapter of the volume is a state-of-the-art survey of the main areas of economics, taking into account the most burning European policy challenges
Illustrates the many ways that new data contributes to the understanding of European economics and policy
Shows how and to what extent economics research is contributing to the European policy debate
This book is also available as open access