Addressing productivity paradox with big data: implications to policy making

Project: EU project

Project Details

Description

The current problem of the European economy is a paradox: EU Member States have innovating economies but they fail to achieve increases in productivity, wages and domestic growth. The EU-funded BigProd project aims to broaden present econometrics methodologies with theoretically sound 'Big Data' operationalised measures, validated through pilots and communicated to relevant stakeholders – a method achieved by uncovering the origins of the slowdown of productivity in many Western economies. The BigProd model will be operationalised through a random stratified sample of up to 200 000 European companies. This proposed approach is highly novel and will help create new policies to solve issues of low productivity.
Short titleNew methodology for better European productivity
AcronymBIGPROD
StatusActive
Effective start/end date1/12/1930/04/22

UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):

  • SDG 3 - Good Health and Well-being

Funding category

  • EU-H2020

Keywords

  • H2020-EU.3.6.2.1.

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