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For generations, Europeans have become accustomed to rising prosperity, an increasingly supportive social safety net and the expectation that each generation will fare better than the last. Europe has built a social model that is second to none, and fashioned a continent of disparate nations into a community that shares common values with democratic institutions that are the envy of the world.

Yet, Europe, as a common project is increasingly questioned by its citizens. The emphasis on solidarity, the driving force behind the social and economic integration, has given way to suspicion and nationalism. Openness and tolerance are strained by xenophobic, anti-immigrant sentiments, while populists and extremists set the agenda and dominate the policy debate.

European countries have borne the brunt of the global economic forces that have strained its institutions and capacity to respond appropriately. Characterised by uncertainty and delay both in handling the Euro crisis, Greece's ongoing economic woes, Brexit and now a migrant crisis, Europe is at a crossroads in its development: a restructuring at the very least, if not a new settlement of power within the union, is on the cards. This book will attempt to understand what 'post-crisis Europe' will look like, and what the opportunities are to rethink its economic, social and institutional architecture as well as to address the nagging democratic deficit that undermines its legitimacy as a democratic entity.

European Union. --- European Union countries --- Europe --- Economic policy --- Social conditions --- Politics and government --- Economic integration.

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The aim of this paper is two-fold: to highlight stylised facts about recent trends in the skill distribution of employment and to analyse the role that technological change might have in explaining these dynamics. Data on industrial employment broken down by occupation recently assembled by the OECD Secretariat are used to examine the changing skill composition of OECD economies, the occupational structure of industry and services, and the dynamics of upskilling. They show that in most OECD countries during the 1980s, employment grew fastest in high-skilled jobs and slowest – or declined – in low-skilled jobs. The upskilling trend is more apparent in manufacturing than in services, while overall the shift to higher skilled jobs has occurred primarily within industries, rather than between them. Econometric work that explores the role of technology in the changing skill mix in five of the G7 countries in the 1980s shows that upskilling has occurred faster in industries that have ...

Science and Technology

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This paper examines the empirical evidence on the impact of performed R&D and of embodied R&D on productivity performance in 10 major OECD countries (the G7 countries, Australia, Denmark and the Netherlands) over the last two decades. Industry-level performed R&D and embodied R&D variables were constructed from an input-output model developed in a previous paper on technology diffusion. The productivity variables used in this paper are Divisia growth indexes of TFP which were consistently estimated by an input-output based growth accounting procedure. The aggregate TFP estimates showed some recovery in the 1980s in most countries and notably in the United States, where most of this recovery was in manufacturing. The results from pooled regressions across countries and across industries during the 1970s and 1980s indicate that the rates of return of both R&D variables are positively significant and increasing in the 1980s. The estimated rate of return of direct R&D for manufacturing ...

Science and Technology

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This paper examines the empirical evidence on the impact of performed R&D and of embodied R&D on productivity performance in 10 major OECD countries (the G7 countries, Australia, Denmark and the Netherlands) over the last two decades. Industry-level performed R&D and embodied R&D variables were constructed from an input-output model developed in a previous paper on technology diffusion. The productivity variables used in this paper are Divisia growth indexes of TFP which were consistently estimated by an input-output based growth accounting procedure. The aggregate TFP estimates showed some recovery in the 1980s in most countries and notably in the United States, where most of this recovery was in manufacturing. The results from pooled regressions across countries and across industries during the 1970s and 1980s indicate that the rates of return of both R&D variables are positively significant and increasing in the 1980s. The estimated rate of return of direct R&D for manufacturing ...

Science and Technology