High productivity and competitiveness are necessary conditions for economic success in a globalised world. They have been proved to be even more important in the scenario created by the current financial crisis. Among the factors that exert a strongest influence on productivity, it has been suggested that R&D, innovation and, broadly speaking, knowledge capital have a prominent role.
The focus of this session will be on the most appropriate way of modelling the impact of policies aiming at stimulating knowledge accumulation, considering both their direct and their indirect effects on the most important socio-economic magnitudes, such as productivity, income, labour demand and supply, and well-being.
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