Bank of Lithuania
November 06 10:00 - 15:30
Vilnius

On 6 November 2020, the Bank of Lithuania will hold a virtual economics conference Harnessing Investment and Innovation: Getting on the Fast Track. The conference will gather policy advisors, academics and business representatives to discuss the best practices and solutions to the challenges in the area of investment and innovation. The conference will be broadcast online. Registration is not required.

Within the last 30 years since regaining its independence, Lithuania has demonstrated one of the highest rates of economic convergence, both in the European and broader contexts. Despite this achievement, there is no guarantee that the convergence momentum will be maintained going forward. Economic research suggests that countries with higher investment ratios tend to grow faster, and that the capacity to innovate becomes critically important at more advanced levels of development, as economies get closer to the technological frontier. Successful transition at this stage, also taking into account the nature and speed of global structural changes and trends, may crucially depend on timely and proper adjustments in the country’s economic institutions and a whole range of policies: from industrial and investment ones to measures aimed at business incubation and acceleration as well as R&D and innovation growth. In addition, challenges related to climate change multiply the necessity to step up relevant policy levers and innovation to make economic development more sustainable.

AGENDA

SPEAKERS (231.6 KB )

10:00–10:10

Welcome remarks

Vitas Vasiliauskas, Chairman of the Board, Bank of Lithuania

10:10–10:40

Keynote speech: Long term challenges from the corona pandemic for fiscal and structural policies

Marcel Fratzscher, President, German Institute for Economic Research (DIW Berlin)

SESSION 1
(English)
THE FUTURE OF INVESTMENT AND INNOVATION: HOW TO REACH THE TECHNOLOGY FRONTIER?

10:40–12:00

The role of FDI and governmental policies to boost technology diffusion, innovation and productivity of domestic firms

Alexander Plekhanov, Director for Transition Impact and Global Economics, EBRD

 

The co-evolution of global value chains and innovation systems: implications for catching up

Roberta Rabellotti, Professor, University of Pavia

 

Innovation for the environment: urgency, key challenges and new opportunities

Shardul Agrawala, Head of the Environment and Economy Integration Division, OECD

 

Investment at times of COVID-19, digitalisation and climate change

Debora Revoltella, Director of the Economics Department, European Investment Bank

12:00–12:45

Panel discussion and Q&A

Moderator: Aurelija Proškutė, Head of Applied Macroeconomic Research Division, Bank of Lithuania

12:45–13:10 Lunch break
SESSION 2
(Lithuanian)
INVESTMENT AND INNOVATION IN LITHUANIA: BIGGEST CHALLENGES AND WAYS TO OVERCOME THEM
13:10–14:30

Picture of investment in Lithuania

Eglė Coppa, Senior Economist at Macroeconomics and Forecasting Division, Bank of Lithuania

 

Innovation policy in Lithuania and necessary changes

Mantas Katinas, Managing Director, Invest Lithuania

 

Innovation and regulation

Ilja Laurs, Chairman, “Nextury Ventures” Venture Capital Fund

 

Perspectives of technology in Lithuania

Algimantas Markauskas, General Manager, Thermo Fisher Scientific Baltics

14:30–15:15

Panel discussion and Q&A

Moderator: Kotryna Tamoševičienė, Head of Macroeconomics and Forecasting Division, Bank of Lithuania

15:15–15:25 End of conference, closing remarks

 

Last update: 28-10-2020