As the criticism to globalisation mounts, so do the challenges to solid tenets of economic theory and practice connecting trade and productivity. How can we reconcile the decline in productivity in the last decade with still unabated barriers to globalisation? To what extent are increasing cross-border activities related to higher productivity? How would society's welfare be affected in case barriers to trade were imposed by nations in some form or another? How would a lower freedom to cross-border activities affect the spread of innovation globally and across firms? How will this affect Small and Medium Enterprises? Would such a "less globalised world" lead to smaller imbalances across economies and in terms of income inequality?
For further information and registration please visit the website of the European Commission.
A multi-sectoral viewpoint in macroeconomics considers, among other things, the process of structural transformation, that is, the reallocation of economic activity across sectors. This perspective has recently gained substantial importance as global productivity growth keeps slowing down and allocation of economic activity from the manufacturing sector to services becomes more visible and eventually unavoidable, also in emerging countries, such as China. Developing a better understanding of the link between productivity and sectoral reallocation should help to shed light on potential future growth and on the policy options to sustain growth. Contributions are welcome on:
Productivity and sectoral allocation
Endogenous labour supply and structural transformation
The role of services and intangibles in productivity dynamics
The importance of the quality of institutions for different sectors
Sectoral reallocation and income inequality
Policies to enhance productivity and reduce the inefficiencies associated with sectoral reallocation
For further information about the program, the submission of work and registration, please visit the website of the conference.
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