This report assesses the continuing impact of the crisis on investment in tangible and intangible assets, and on the financing of these investments. It also examines what competitiveness means in an increasingly open and integrated global marketplace and the key principles that competitiveness...

Combining in-house research and work by leading academics, this report assesses how the crisis has impacted investment across the non-financial sector, in small and medium-sized enterprises (SMEs), in infrastructure, and in R&D and innovation. It explains why and where investment has declined,...

Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible assets of non-financial corporations. We show that...

I summarize the main results and policy insights from the 2011 EIB Conference on "Productivity and Long-Term Growth Potential in Europe". Europe's need for productivity growth has become more pressing against the backdrop of huge government debt and a beginning slowdown in labour supply. The...