2021

Digitalisation, Productivity and Jobs: A European Perspective

Reprint No. 2021:21

Author(s): Fredrik Heyman, Pehr-Johan Norbäck and Lars PerssonYear: 2021 Title: The European Union and the Technology Shift Chapter: 6Editor(s): Antonina Bakardjieva Engelbrekt, Karin Leijon, Anna Michalski and Lars OxelheimPublisher: Palgrave MacmillanCity: Cham Pages: 135–159
Online article (restrictions may apply)


This chapter describes economic insights from research having studied the ongoing information and communications technology (ICT)-based structural transformation of the business sector. It also describes initiatives by the EU in the field of digitalisation and their likely economic impact. The chapter concludes by arguing that the key for the EU to ensure that the ongoing ICT-based structural transformation creates overall prosperity is an improved entrepreneurial ecosystem, stimulating growth from new and successful firms. Institutions must be able to channel savings to start-ups and business development where well-functioning stock exchanges and venture capital markets are crucial. The educational system also needs to become more effective and flexible in order to offer future employees the skills demanded in the labour market. Finally, insurance systems should be more customised and flexible in order to make it easier for EU citizens to benefit from advancements in new technologies.


Reference:
Heyman, Fredrik, Pehr-Johan Norbäck and Lars Persson (2021), "Digitalisation, Productivity and Jobs: A European Perspective". Chapter 6, pp. 135–159 in Antonina Bakardjieva Engelbrekt, Karin Leijon, Anna Michalski and Lars Oxelheim, eds., The European Union and the Technology Shift. Cham: Palgrave Macmillan.

Fredrik Heyman

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Ph: +46 8 665 4537
fredrik.heyman@ifn.se

Pehr-Johan Norbäck

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Ph: +46 8 665 4522
Mob: +46 73 574 3379
pehr-johan.norback@if...

Lars Persson

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Ph: +46 8 665 4504
lars.persson@ifn.se

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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