Innovation and economic reform in Europe and Japan
This event is co-organised by Bruegel and the Kobe University Graduate School of Economics.
This event is part of the
“150 Years of Friendship Between Japan and Belgium” event series endorsed by the Embassy of Japan in Belgium.
Innovation is thought to be a key factor in bringing about economic recovery after the global economic crisis. On a global scale, Europe and Japan find themselves in a more worrying situation than the US. One reason for this is the weaker link between innovation and macro economy in Europe and Japan compared to the U.S. Europe shows a slow overall growth and lacks much needed pro-growth reforms. The Japanese economy, which began to deteriorate after the collapse of the bubble in the early 1990s, had stagnated throughout two decades.
Innovation is one pillar of the drastic economic policies, known as ‘Abenomics,’ which have been in force since autumn 2012 to address this stagnation. Although, innovation represents the introduction of both novel and more efficient technologies, it cannot become an important factor of economic recovery without labour relocation, education and training, and the right socio-economic reconstruction. It is debated whether innovation effectively moves the economy away from secular stagnation. This event aims to bring efficient and realistic proposals as to what the solutions could be and what policy measures would support it.
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Video and audio recordings
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Second panel: Innovation, labormarket transformation and and socio-economic reconstruction in Europe and Japan
Chair: Zsolt Darvas, Senior Fellow
Jonathan Cave, Senior Tutor, Economics, University of Warwick,
Kazufumi Yugami, Associate Professor, Graduate School of Economics, Kobe University
Yoichi Matsubayashi, Deputy Dean and Professor, Graduate school of Economics, Kobe University
Georgios Petropoulos, Research Fellow
Policy considerations and conclusions
Chair: Guntram B. Wolff, Director
Beñat Bilbao Osorio, Senior Economist, European Commission, DG RTD
Koji Nakamura, Associate Director-General and Division Head, Economic Research Division, Research and Statistics Department, Bank of Japan
Rémy Lecat, Head, Structural Policy Analysis Division, Banque de France
Senior Tutor, Economics, University of Warwick,
Beñat Bilbao Osorio
Senior Economist, European Commission, DG RTD
Professor, Graduate School of Economics, Kobe University
Head, Structural Policy Analysis Division, Banque de France
J. Scott Marcus
Deputy Dean and Professor, Graduate school of Economics, Kobe University
Associate Director-General and Division Head, Economic Research Division, Research and Statistics Department, Bank of Japan
Dean, Graduate School of Economics, Kobe University
Guntram B. Wolff
Associate Professor, Graduate School of Economics, Kobe University
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