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

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  • Jens Matthias Arnold
  • Andreas Worgotter

Abstract

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.

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  • Jens Matthias Arnold & Andreas Worgotter, 2011. "Structural reforms and the benefits of the enlarged EU internal market: still much to be gained," Applied Economics Letters, Taylor & Francis Journals, vol. 18(13), pages 1231-1235.
    • Handle: RePEc:taf:apeclt:v:18:y:2011:i:13:p:1231-1235
    DOI: 10.1080/13504851.2010.532096
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    Cited by:

    1. Grzegorz Przekota & Andrzej Janowski & Anna Szczepanska-Przekota, 2023. "Causality in the Relationship between Economic Growth and Compensation," Sustainability, MDPI, vol. 15(23), pages 1-16, November.
    2. Fabrizio Coricelli & Andreas Wörgötter, 2012. "Structural Change and the Current Account: The Case of Germany," OECD Economics Department Working Papers 940, OECD Publishing.
    3. Jarko Fidrmuc & Svatopluk Kapounek & Martin Siddiqui, 2017. "Which Institutions Are Important for Firms Performance? Evidence from Bayesian Model Averaging Analysis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 64(4), pages 383-400, September.

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