The concepts of potential growth and output gap are important tools to evaluate the state of the business cycle and to assess the supply-side capacity of an economy. They have also become an essential ingredient of the European fiscal surveillance process. However, the global economy is facing...

The Working Paper analyses the performances of the Walloon innovation system in 2008. This analysis concentrates on the six dimensions of the innovation system: knowledge development, human resources, R&D exploitation, innovation absorption capacity, entrepreneurial skills and financing...