The project will consider the academic and policy concerns that arise from the increasing importance of the market service sector and the crucial role it appears to play for differential economic performance between industrialised countries. It will do so through examining developments in productivity and its drivers within market services, linkages between services and manufacturing industries, innovation in delivery and types of services and international relationships. The overall objective of this research is to produce a comprehensive study on the impact of market services on aggregate economic growth in the EU and its comparative performance relative to competitor regions, especially the US. CEPS, in particular, will contribute by analyzing the impact of intangible capital to labour productivity within the service sector, as well as an analysis of the internationalization of the service sector.
March 2010 - February 2013
European Commission, DG Research, Seventh Framework Programme