Aufsatz in Zeitschrift

Coordination for EU Competitiveness

David Pinkus, Jean Pisani-Ferry, Simone Tagliapietra, Reinhilde Veugelers, Georg Zachmann, Jeromin Zettelmeyer
CESifo, Munich, 2024

EconPol Forum 25 (3), 05-09
  • The competitiveness of countries and that of firms are different concepts
  • EU GDP is stable at two-thirds of the US, but productivity growth has lagged since the 1990s. The EU does better on wealth equality and clean-tech export shares
  • The EU faces two supply-side disadvantages: high energy costs; and a fragmented internal market
  • We propose a strategy of “Coordination for Competitiveness”: national-level policy coordination as an alternative to full EU-level integration
  • We illustrate this with two examples: energy policy coordination; and an EU-level ARPA