Article in Journal
Coordination for EU Competitiveness
David Pinkus, Jean Pisani-Ferry, Simone Tagliapietra, Reinhilde Veugelers, Georg Zachmann, Jeromin Zettelmeyer
CESifo, Munich, 2024
EconPol Forum 25 (3), 05-09
CESifo, Munich, 2024
EconPol Forum 25 (3), 05-09
- The competitiveness of countries and that of firms are different concepts
- EU GDP is stable at two-thirds of the US, but productivity growth has lagged since the 1990s. The EU does better on wealth equality and clean-tech export shares
- The EU faces two supply-side disadvantages: high energy costs; and a fragmented internal market
- We propose a strategy of “Coordination for Competitiveness”: national-level policy coordination as an alternative to full EU-level integration
- We illustrate this with two examples: energy policy coordination; and an EU-level ARPA