EFIGE
European Firms In a Global Economy: Internal policies for external competitiveness
| Coordinatore | BRUEGEL AISBL*
Organization address
address: RUE DE LA CHARITE 33 contact info |
| Nazionalità Coordinatore | Belgium [BE] |
| Sito del progetto | http://www.efige.org |
| Totale costo | 3˙908˙945 € |
| EC contributo | 3˙149˙867 € |
| Programma | FP7-SSH
Specific Programme "Cooperation": Socio-economic Sciences and Humanities |
| Code Call | FP7-SSH-2007-1 |
| Funding Scheme | CP-IP |
| Anno di inizio | 2008 |
| Periodo (anno-mese-giorno) | 2008-09-01 - 2012-08-31 |
Partecipanti
| # | ||||
|---|---|---|---|---|
| 1 |
BRUEGEL AISBL*
Organization address
address: RUE DE LA CHARITE 33 contact info |
BE (BRUXELLES) | coordinator | 2˙199˙944.00 |
| 2 |
INSTITUT FUER ANGEWANDTE WIRTSCHAFTSFORSCHUNG EV
Organization address
address: OB DEM HIMMELREICH 1 contact info |
DE (TUEBINGEN) | participant | 179˙657.00 |
| 3 |
CENTRE FOR ECONOMIC POLICY RESEARCH LTD
Organization address
address: BASTWICK STREET 3RD FLOOR 77 contact info |
UK (LONDON) | participant | 157˙258.00 |
| 4 |
CENTRO STUDI LUCA D'AGLIANO
Organization address
address: VIA PRINCIPE AMEDEO 34 contact info |
IT (TORINO) | participant | 157˙257.00 |
| 5 |
CENTRE D'ETUDES PROSPECTIVES ET D'INFORMATIONS INTERNATIONALES
Organization address
address: RUE GEORGES PITARD 9 contact info |
FR (PARIS) | participant | 141˙257.00 |
| 6 |
MAGYAR TUDOMANYOS AKADEMIA KOZGAZDASAG- ES REGIONALIS TUDOMANYI KUTATOKOZPONT
Organization address
address: PAPNOVELDE U 22 contact info |
HU (PECS) | participant | 141˙257.00 |
| 7 |
UNIVERSIDAD CARLOS III DE MADRID
Organization address
address: CALLE MADRID 126 contact info |
ES (GETAFE (MADRID)) | participant | 141˙257.00 |
| 8 |
UNICREDIT SOCIETA PER AZIONI
Organization address
address: VIA ALESSANDRO SPECCHI 16 contact info |
IT (ROMA) | participant | 31˙980.00 |
Mappa
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Obiettivo del progetto (Objective)
'The chances of European countries to grow, prosper and provide well being to their citizens rest on the ability of their firms to become successful traders and producers in foreign markets within and outside the EU. This project examines the pattern of internationalisation of European firms. With a clear focus on defining adequate and effective policy measures, it looks at the broad factors constraining or enhancing companies' foreign operations, like growth in size and productivity; type of ownership and corporate governance; access to financial markets; innovation; the macroeconomic environment. It will do so by combining theoretical and empirical research at the frontier of the academic and policy debate with the gathering of new data through a cross country survey. The main questions addressed by the project are: What are the features of European firms that successfully compete in international markets? To what extent do they contribute to productivity and employment? Does access to foreign market enhance firm performance through a learning process? Why are some countries more successful in international trade and FDI? What are the policies that can improve a nation’s foreign trade performance? Does integration within the Single Market foster productivity improvements? Has the euro led to a wider participation of firms in cross-border business? What policies can promote the participation of other European firms that are currently excluded from international markets? What are the gains and the adjustments involved in reducing barriers to trade and foreign direct investment (FDI)? What policies can best maximise gains and smooth adjustments?'
Introduzione (Teaser)
A global outlook is crucial to making European industry more competitive. This could be achieved through improved policies that encourage firms to become more competitive and reach international markets.
Descrizione progetto (Article)
If European industry doesn't penetrate foreign markets effectively in a global arena, trade opportunities could be lost in the face of tough external competition. The EU-funded project 'European firms in a global economy: Internal policies for external competitiveness' (EFIGE) studied different aspects of European firms to overcome this challenge. Examining the internationalisation of these firms and related policies, the project studied factors like size, productivity, type of ownership, employment and innovation.
To achieve its aims, EFIGE combined the latest theoretical and empirical research through a cross-country survey. The project also produced seven country reports covering Germany, Spain, France, Italy, Hungary, Austria and the United Kingdom. It identified the features of European firms for successfully competing abroad and focused on more successful countries in international trade.
One important aspect of the project involved examining the ability of firms to compete in foreign markets, looking as well at their reliance on local and global production networks. Other key aspects covered a better understanding of the effect of the euro on European firms, how these firms have weathered the crisis and what the barriers to firm growth are.
In effect, the project produced a thorough assessment of the internationalisation patterns of European firms. In addition to the country reports and cross-country report that identifies the triggers to competitiveness, project results also included 62 working papers and 4 policy briefs.
The overall findings could have a profound effect on policymaking in Europe and on improving competitiveness. If new policies are created, firm competitiveness will improve on a country level, also spurring a positive socioeconomic impact on a pan-European scale. European firms will then have a much better chance of becoming world leaders in their respective fields.