Skills and Industrial Competitiveness
Michael Landesmann, Sebastian Leitner, Robert Stehrer and Terry Ward
wiiw Research Report No. 356, August 2009
99 pages including 39 Tables and 18 Figures
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The last two sections move away from the topic of reviewing the impact of skills on economic performance and the tracking of changing skill demands in EU economies. In section 4, a literature overview is provided of empirical studies regarding returns to skill acquisition through schooling and training. The idea behind this section is that returns to schooling and training reflect both skill shortages and also provide the basis for decisions with regard to skill acquisition. Finally, section 5 presents a country-by-country overview of how information is gathered with regard to skill gaps in different EU economies. The methodologies and sources for assessing skill shortages are reviewed. These are a necessary ingredient into any attempt of designing policies in relation to skill planning and the design of schooling and training institutions. The section closes with a recommendation on useful extension of European-wide vacancy statistics.
Keywords: skills, competitiveness, European industry
JEL classification: D24, F14, J24, O47, O52
Countries covered: European Union
Research Areas: Labour, Migration and Income Distribution, International Trade, Competitiveness and FDI, Sectoral studies