CORDIS Project
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This project investigates how firms decide to invest in research and development and workforce skills to enhance productivity. By developing a dynamic model, it aims to quantify the long-term returns and costs of these investments in the service sector.
Productivity growth is key to wealth and high living standards.
For many years, Europe’s productivity growth has been declining and since 2005, falls below 1 percent. A possible way to raise productivity is to increase investments in intangible (knowledge based) assets such as workforce skills and Research and Development (R&D).
To design policy measures that will effectively facilitate these investments and boost productivity growth, it is essential to understand the firms’ decision-making proc…
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