Dalla sinergia tra Confindustria e la Rivista di Politica Economica nasce il progetto
Innovative, Inclusive and Eco-Sustainable Growth in Europe: A Structuralist-Keynesian Approach°

Giulio Guarini*,
Tuscia University, Viterbo

Giuseppe Garofalo#,
Tuscia University, Viterbo

Alessandro Federici§,
ENEA, Roma


The Europe 2020 Strategy has been built on three pillars: smart, sustainable and inclusive growth. The aim of the paper is to provide an analysis of the potential cumulative circle among the above mentioned three pillars, by building a theoretical framework according to the Structuralist-Key-nesian approach, and by developing an econometric analysis for the European countries during the 1993-2012 period, through the Dynamic Panel data models. The paper mainly focuses on how labour productivity and environmental intensity interact with each other, and how they may help improving employment. Results confirm the theoretical hypothesis showing the compatibility between economic growth, employment growth and sustainability.

[JEL Classification: O3; O4; Q5].

Keywords: inclusion; innovation; sustainability; Europe 2020 Strategy.



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°
Previous versions of the article have been discussed in the Conference The Jobs Crisis: Causes, Cures, Constraints organised by Research Network Macroeconomics and Macroeconomic Policies in Berlin (October 2013) and in the seminar at GREDEG, University of Nice (September 2014). The comments received have contributed to improve this final version of article. We would like to thank an anonymous referee of the journal for helpful comments. The usual disclaimer applies.
#
giulioguarini@unitus.it, Research Unit on Economic Development, Department of Economics, Engineering, Society and Business Organization .
§
garofalo@unitus.it, Research Unit on Economic Development, Research Unit on Economic Development, Department of Economics, Engineering, Society and Business Organization.
°
alessandro.federici@enea.it, Technical Unit for Energy Efficiency.
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