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Challenges in measuring productivity, growth and intangibles

Document date: 
Tuesday, 31 January, 2017
Language: 
English

NTTS 2017 satellite event in Brussels, 17 March 2017

Organisers:

  • Eurostat: Ales Capek, Marleen De Smedt, Christine Gerstberger, Paul Konijn, Isabelle Remond Tiedrez, Ani Todorova, John Verrinder
  • European Commission Directorate-General for Research and Innovation: Marianne Paasi

Chair:

  • Silke Stapel-Weber (Director National Accounts, Prices and Key Indicators, Eurostat)

The overall objective of this one-day event is to discuss the progress in the measurement of productivity, growth and intangibles from the perspective of official statistics and of recent contributions of economic research resulting from a number of projects funded under the Seventh European Union’s Research Framework Programme (FP7).

Background

Evidence based policy making and decision making needs relevant and high quality data and statistics. In the context of the European economic policy making on growth and on productivity policies, the Commission carries out its Annual Growth Survey as part of the European semester. Key data in this process are provided by the National Accounts which allow for analysing the structure of economies and their development over time, as well as data from FP funded research projects (e.g. EU-KLEMS).

While important progress is made both in economic underpinnings of policies and data provisions, recent findings in economic research have shown that there still are many unknown variables which underpin the growth and productivity performances in advanced knowledge based countries such as those of Europe.

 

Potential synergies among research and development projects

A number of Social Sciences and Humanities (SSH) FP7 funded research projects on productivity and growth, intangible investment and global value chains have enhanced our knowledge on the key determinants/factors of modern growth and productivity patterns. All these projects have in common that they do not only contribute to ‘growth economics’ but that they tackle the issues of empirical measurement of GDP and productivity and that they all use the SNA methodology and official statistics as the basis of their empirical analysis while providing open access to the new data (on a voluntary basis).

At the same time, several projects of the official statistics community are developing concrete statistical products on competitiveness, growth and global value chains. The introduction of the new methodology for National Accounts in September 2014[1], completed the capitalisation of research and development into the accounts and encouraged further methodological work on intangibles.

These parallel work streams open interesting opportunities for economic research and official statistics to be mutually supporting.

 

Objectives of the event

In this satellite event we want to present the recent progress in solving the challenges in measurement from the perspectives of both official statistics and economic research in the field. The discussions are organised by topic: productivity, intangible investment and global value chains.

Programme

For the most up-to-date version please refer to the online programme of the event.

09:30 - 09:45
 
Silke Stapel-Weber (Eurostat) and Ruxandra Draghia-Akli (European Commission - Directorate-General for Research and Innovation)
 
09:45 - 10:30
2. Growth and productivity across countries as issues for European economic policy makers
 
 
Mary Veronica Tovšak Pleterski (European Commission - Directorate-General for Economic and Financial Affairs)
 
 
Martin Gornig (DIW Berlin)
 
10:30 - 11:00
 
Coffee
 
 
11:00 - 15:15
3. Progress of economic research and official statistics in measuring growth, productivity and global value chains
 
11:00 - 11:15
 
Marianne Paasi (European Commission - Directorate-General for Research and Innovation) and Elisabeth Lipitaou (European Commission - Directorate-General for Research and Innovation)
 
11:15 - 12:15
3.1 Progress in GDP and productivity measurement  
 
 
Mary O'Mahony (King's College London)
 
 
Hugo de Bondt (Statistics Netherlands)
 
 
Isabelle Rémond-Tiedrez (Eurostat)
 
12:15 - 13:15
 
Lunch
 
 
13:15 - 14:15
3.2 Progress in measuring the intangibles  
 
 
Cecilia Jona Lasinio (LUISS University & Istat)
 
 
Hannu Piekkola (University of Vaasa)
 
 
Cecilia Jona Lasinio (LUISS University & Istat), Juan Fernández de Guevara (University of Valencia)
 
 
Paul Konijn (Eurostat)
 
14:15 - 15:15
3.3. Progress in grasping the global economy value chains
 
 
Bart Los (University of Groningen, Groningen Growth and Development Centre)
 
 
Nadim Ahmad (OECD)
 
 
Isabelle Rémond-Tiedrez (Eurostat)
 
15:15 - 15:45
 
Coffee
 
 
15:45 - 16:45
 
Moderator: Silke Stapel-Weber (Eurostat); Panellists: Nadim Ahmad (OECD), Mary O'Mahony (King's College London), Sanjiv Mahajan (ONS), Marnix Surgeon (European Commission - Directorate-General for Research and Innovation), Werner Röger (European Commission  - Directorate-General for Economic and Financial Affairs)
 
16:45 - 17:00
 
Silke Stapel-Weber (Eurostat)

 

 

[1] This methodology is described in Regulation (EU) No 549/2013 of the European Parliament and of the Council and represents the European System of National and Regional Accounts 2010 (ESA 2010) which is consistent with the world-wide guidelines on National Accounts (SNA 2008).