ECFIN New Publication

This paper analyses the impact of information and communications technologies (ICT) capital accumulation and total factor productivity (TFP) growth on employment growth pre- and post-crisis years. DG ECFIN's Fellowship Initiative 2020-2021 “Shifting paradigms: The quest for new modes of sustainable growth and convergence” sought contributions exploring underlying and emerging trends in the quest for new growth models that respect the limitations of natural resources while ensuring job creation and lasting prosperity in Europe. Achieving a successful transition to become the world’s first climate-neutral, resource efficient continent, fit for the digital age, while ensuring social fairness requires identifying evolving trends and challenges to success stemming from ageing and inherent to both environmentally sustainable development and the transition to a digital society. The fellowships were awarded to prominent scholars in the field to interact with staff in ECFIN and other Commission colleagues, and to prepare final reports on specific research questions brought by these shifting paradigms.