The new Lisbon Strategy: An estiamtion of the impact of reaching 5 Lisbon targets

Gelauff, George and Lejour, Arjan (2006): The new Lisbon Strategy: An estiamtion of the impact of reaching 5 Lisbon targets. Published in: Industrial Policy and Economic Reform Papers , Vol. 1, (January 2006)

Abstract

The Lisbon strategy could reinvigorate Europe’s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europe’s economy the most competitive in the world. If Europe would really reach the goals they set, Europe’s Gross Domestic Product could increase by 12 to 23% and employment by about 11%. This paper draws this conclusion after having analysed five of the most important Lisbon goals: the internal market for services, the reduction of administrative burdens, goals on improving human capital, the 3% target on research and development expenditures, and the 70% target on the employment rate. Using CPB’s general equilibrium model for the world economy we have simulated the consequences for Europe of reaching the Lisbon targets in these fields.

• Item Type: MPRA Paper
• Language: English
• Keywords: Jobs creation; economic growth; Lisbon agenda: general equilibrium model
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D58 - Computable and Other Applied General Equilibrium Models; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E20 - General

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