Five Lisbon highlights; the economic impact of reaching these targets

George Gelauff and Arjan Lejour

No 104, CPB Document from CPB Netherlands Bureau for Economic Policy Analysis

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. Read also the accompanying press release.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.

JEL-codes: D58 E20 E61 O52 (search for similar items in EconPapers)
Date: 2006-01
New Economics Papers: this item is included in nep-eec and nep-mac
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:cpb:docmnt:104

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