Structural reforms and the benefits of the enlarged EU internal market: still much to be gained

In the light of recent calls for additional structural reforms in Europe, this article looks at the role that a reduction of remaining barriers for integration and competition in the EU internal market can play in this context. This article presents new estimates of the likely impact of product mark...

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Bibliographic Details
Published in:Applied economics letters 2011-09, Vol.18 (13), p.1231-1235
Main Authors: Arnold, Jens Matthias, Wörgötter, Andreas
Format: Article
Language:English
Subjects:
Competition
Economic analysis
Economic models
Economic reform
Europe
Labour productivity
Market structure
Productivity
Reforms
Regional integration
Single European market
Structural change
Studies
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Summary:In the light of recent calls for additional structural reforms in Europe, this article looks at the role that a reduction of remaining barriers for integration and competition in the EU internal market can play in this context. This article presents new estimates of the likely impact of product market reform on labour productivity in old and new EU member countries, with a particular focus on network industries, professional services and retail trade. These estimates reveal that labour productivity could be boosted by an average of 10% over a time horizon of 10 years, in reward for a reform agenda that would align the stringency of anti-competitive regulation in services sectors to European best practice across all countries.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2010.532096