Essay about Labour Productive
Innovation, Education and Investment
Section 1 - Introduction
The unique phenomenon of the European Union has attracted much attention from academics, diplomats and policymakers ever since its founding in the 1950s as the European Coal and Steel Community, with 6 member states. In 2009 there are 27 member states, and a large number of countries around the world have association agreements with the EU, notably those countries of the Mediterranean and the developing world. The goal of the EU is to become ‘the most competitive and dynamic knowledge based economy in the world’ (El-Agraa 2004: 433). Standard economic theory dictates that innovation, education and investment will be instrumental in …show more content…
Section 2: Data Description
Using secondary data was the obvious choice for this project, as it is readily available from a number of verifiable sources. Collecting primary data from every EU member state would have been impossible given budgetary and time constraints. I used the European Union’s ‘Eurostat’ service as my main source for the relevant statistics, with supplementary data where necessary from the United Nations Development Programme, and the World Bank’s World Development Indicators.
To access the relevant data for my variables, i went on to the European Union’s official website (http://europa.eu/index_en.htm) which gave me access to Eurostat. The data sets generally provided data from 1995 to 2007, but I chose to use the 2007 data, as it was the most up to date, as well as it being the only year for which my entire sample was actually in the EU (with