"Boosting growth and productivity in an open Europe: The role of international flows of goods, services, capital and labour"
While foreign trade flows have always been seen as a major determinant of growth, recently globalisation and enhanced European integration - including EMU - have impacted on the size and direction of international flows, not only of goods but also of services, capital and labour.
This conference intended to add insights from state-ofthe-art research including a micro- and a macro-perspective and a broad geographical coverage. Sessions comprised invited (keynote) and contributed Paper.
Programme
(pdf format, 50kb)
Presentations 16 October 2008 Copyright rests with the authors
Presentations 17 October 2008 Copyright rests with the authors
| Programme 16 October 2008 | ||
|---|---|---|
| 09.30-09.40 | Welcome | István P. Székely, Research Director, DG ECFIN |
| 09.40-10.00 | "Boosting growth and productivity in an open Europe" | Joaquín Almunia, European Commissioner for Economic and Monetary Affairs Opening address [70 KB] |
| Session I – The international dimension of economic growth. Where do we stand?
Chair: István P. Székely, Research Director, DG ECFIN |
||
| 10.00-10.30 | "Working through the crisis from turbo growth to sustainable development:Challenges for international linkages and economic growth" | Bart van Ark, Vice President and Chief Economist, The Conference Board, New York, and University of Groningen Presentation - [2 MB] |
| 10.30-11.00 | "The EU-US total factor productivity gap: An industry perspective" | Kieran MC MORROW, Werner Röger, and Alessandro Turrini, DG ECFIN Presentation - [264 KB] Paper - [122 KB] |
| 11.00-11.15 | Discussant | Annabelle Mourougane, OECD Presentation - [446 KB] |
| 11.15-11.30 | General Discussion | |
| 11.30-11.45 Coffee Break | ||
| Session II – Openness and growth: Foreign trade in goods and services
Chair: Elena Flores Gual, Director Economies of the Member States II, DG ECFIN |
||
| 11.45-12.15 | "International students, university training, and multinationals in the flow oftechnology to China and India: Implications for growth and trade" | Richard B. Freeman, Harvard University and NBER Presentation - [508 KB] |
| 12.15-12.45 | "How to close the productivity gap between the US and Europe: A quantitative assessment using a semi-endogenous growth model" | Werner RÖGER, János Varga, and Jan in't Veld (DG ECFIN) Presentation - [113 KB] Paper - [325 KB] |
| 12.45-13.00 | Discussant | Reinhilde Veugelers, Bureau of European Policy Advisers, EuropeanCommission Presentation - [35 KB] |
| 13.00-13.15 | General Discussion | |
| 13.15-14.15 Lunch Break | ||
| Session III – International sources of productivity growth
Chair: Lars Jonung, DG ECFIN |
||
| 14.15-14.45 | "Searching for the sources of productivity: From macro to micro and back" | Eric Bartelsman, Vrije Universiteit Amsterdam Presentation - [168 KB]
Paper - [354 KB] |
| 14.45-15.15 | "The selection effect of international competition" | Andrea Finicelli, Patrizio Pagano and Massimo SBRACIA, Banca d'Italia Presentation - [546 KB]
Paper - [365 KB] |
| 15.15-15.30 | Discussant | Sebastiaan Michael Straathof, CPB, The Hague Presentation - [71 KB] |
| 15.30-15.45 | General Discussion | |
| 15.45-16.15 Coffee Break | ||
| Session IV – International labour flows and economic growth
Chair: Servaas Deroose, Director Macroeconomy of the euro area and the EU, DG ECFIN |
||
| 16.15-16.45 | "Migration and economic growth: Is there a trade-off?" | Tito Boeri, IGIER, Universitá Bocconi Presentation - [157 KB] |
| 16.45-17.15 | "Why doesn't labor flow from poor to rich countries? Micro evidence from the European integration experience" | Catia Batista, Trinity College Dublin Presentation - [173 KB]
Paper - [322 KB] |
| 17.15-17.30 | Discussant | Karl Pichelmann, DG ECFIN
Presentation - [114 KB] |
| 17.30-18.00 | General Discussion | |
| Programme 17 October 2008 | ||
| Session V – International capital flows and economic growth
Chair: Elemér Terták, Director Financial Institutions, DG MARKT |
||
| 09.00-09.30 | "The macroeconomics of financial integration: A European perspective" | Philip R. Lane, Trinity College Dublin Presentation - [374 KB] Paper - [327 KB] |
| 09.30-10.00 | "Does openness to international financial flows raise productivity growth?" | M. Ayhan Kose (IMF), Eswar S. Prasad (Cornell University), and Marco E. TERRONES (IMF) Presentation - [447 KB] Paper - [529 KB] |
| 10.00-10.15 | Discussant | Paul van den Noord, DG ECFIN Presentation - [123 KB] |
| 10.15-10.30 | General Discussion | |
| 10.30-11.00 Coffee Break | ||
| Session VI – European experiences, enlargement and economic growth
Chair: Jürgen Kröger, Director Economies of the Member States I, DG ECFIN |
||
| 11.00-11.30 | "Long-run growth and competitiveness in transition economies: An unfinished agenda" | Erik Berglöf, Chief Economist, EBRD Presentation - [2 MB] |
| 11.30-12.00 | "Offshoring, relocation and the speed of convergence in the enlarged European Union" | Kari E. O. ALHO (ETLA and University of Helsinki), Ville Kaitila (ETLA), and Mika Widgrén (Turku School of Economics, CEPR, CESifo and ETLA) Presentation - [146 KB] Paper - [685 KB] |
| 12.00-12.15 | Discussant | Júlia Lendvai, DG ECFIN Presentation - [171 KB] |
| 12.15-13.15 Lunch Break | ||
| 13.15-13.45 | "Do those who stay work less?" | Katarzyna B. Budnik, National Bank of Poland |
| 13.45-14.00 | Discussant | Ronald Albers, DG ECFIN |
| 14.00-14.15 | General Discussion | |
| Panel – International flows and growth: What role for policy?
Chair: Marco Buti, Acting Director General, DG ECFIN |
||
| 14.15-15.45 | Panellist | Tito Boeri, IGIER, Universitá Bocconi |
| Vítor Gaspar, Acting Director General, BEPA | ||
| Subir Lall, IMF Presentation - [373 KB] |
||
| Michael Landesmann, Vienna Institute for International Economic Studies and Johannes Kepler University Linz | ||
| Bart van Ark, The Conference Board New York, and Groningen | ||
| 15.45-16.00 | General Discussion | |