BIGPROD: Addressing productivity paradox with big data: implications to policy making
The current problem of the European economy is a paradox: EU Member States have innovating economies but they fail to achieve increases in productivity, wages and domestic growth. The EU-funded BIGPROD project aims to broaden present econometrics methodologies with theoretically sound ‘Big Data’ operationalised measures, validated through pilots and communicated to relevant stakeholders – a method achieved by uncovering the origins of the slowdown of productivity in many Western economies. The BigProd model will be operationalised through a random stratified sample of up to 200 000 European companies. This proposed approach is highly novel and will help create new policies to solve issues of low productivity. BIGPROD is focusing on Big Data based analysis of productivity using webscraped data.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 870822.
BIGPROD Cordis: BIGPROD on CORDIS
BIGPROD Project Outputs: BIGPROD on ResearchGate