DG ECFIN Fellowship-Initiative 2020-2021 - Shifting paradigms: The quest for new modes of sustainable growth and convergence

Client/Funding Institution

European Commission, DG Economic and Financial Affairs


Descriptive assessment of labour trends over the past decades in terms of overall employment patterns in conjunction with the dynamics of gross fixed capital formation and capital stocks with a particular focus on ICT capital (IT, CT and software and databases), and the respective developments of capital-labour ratios. This will be based on the EU KLEMS Data Release 2019, with the capital stock data most likely to be updated, as benchmark revisions have already occurred since then. This will highlight important differences of capital stock dynamics and reallocation trends (in relative terms) across countries, industries and asset types. These data are then used to study the impact of ICT capital accumulation in an econometric framework.


October 2020 - May 2021

wiiw team Leader

Robert Stehrer