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Measuring competitiveness in Europe: resource allocation, granularity and trade

Altomonte, Carlo, Bekes, Gabor, (2016), “Measuring competitiveness in Europe: resource allocation, granularity and trade”, Brugel publications, 28 Ιανουαρίου

One of the most important lessons learned during the 2008-09 financial crisis was that the informational toolbox on which policymakers base their decisions about competitiveness became outdated in terms of both data sources and data analysis. The toolbox is particularly outdated when it comes to tapping the potential of micro data for the analysis of competitiveness – a serious problem given that it is firms, rather than countries that compete on global markets.

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