ALLIANZ DRESDNER ECONOMIC RESEARCH
Indicators for Success in the Knowledge Economy
European
Growth
and Jobs
Monitor
2008
Allianz Dresdner Economic Research
Imprint
Published by
Allianz Dresdner Economic Research
60301 Frankfurt/Main
Chief Economist
Dr. Michael Heise
The Lisbon Council
1040 Brussels
President, Co-Founder
Paul Hofheinz
Research support
Claudia Broyer
Werner Hess
Dr. Harald Jörg
Jutta Kayser-Tilosen
Wolfgang Leim
Ann Mettler
Editing
Alexander Maisner OBE
Design
Marc Schmitt
Contact
makro@dresdner-bank.com
Tel: +49.69.2 63–19 862
Fax: +49.69.2 63-1 87 91
www.group-economics.allianz.com
Disclaimer
The information contained in this issue has been carefully researched
and checked by Allianz or reliable third parties. However, Allianz and
any third party do not assume liability for the accuracy, completeness
and up-to-dateness of the contents. The authors’ opinions are not
necessarily those of Allianz or the Lisbon Council. Statements do not
constitute any offer or recommendation of certain investments, even
if individual issuers and securities are mentioned. Information given
in this issue is no substitute for specific investment advice based on
the situation of the individual investor. For personalised investment
advice please contact Allianz.
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European Growth and Jobs Monitor
I.
Lisbon – and beyond
II.
The 2008 European Growth and Jobs Monitor:
Ranking and results
How the Lisbon Indicator is calculated
What’s new in the Lisbon Agenda
III. Economic growth: The power behind prosperity
IV. Productivity growth: Is it here to stay?
V.
Employment: The jobs miracle
VI. Human capital: The education imperative
VII. Growth-related investment
VIII. Sustainability of public finances
IX. Conclusion
X.
Lisbon Indicator tables
Special Report:
Energy efficiency – A key driver of growth
Energy efficiency and economic growth
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Allianz Dresdner Economic Research
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European Growth and Jobs Monitor
I. Lisbon – and beyond
2008 marks a watershed for Europe – the start of the four