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The EU Services Directive: Untapped Potentials of Trade in Services

Author

Listed:
  • Yvonne Wolfmayr
  • Michael Pfaffermayr

Abstract

The biggest reform step to date in the liberalisation and deepening of the EU internal market for services was taken with the EU Services Directive. Its implementation intended to provide a clear impetus for the removal of existing obstacles to the free movement of services, the freedom of establishment of services providers and for administrative simplification. The project quantifies the Directive's effects on Austrian and EU services trade and welfare but also highlights untapped potentials due to remaining administrative barriers and existing weaknesses in the implementation and enforcement of the Single Market rules. The estimation relies on a structural gravity model estimated on a disaggregated industry level.

Suggested Citation

  • Yvonne Wolfmayr & Michael Pfaffermayr, 2022. "The EU Services Directive: Untapped Potentials of Trade in Services," WIFO Studies, WIFO, number 69628, April.
    • Handle: RePEc:wfo:wstudy:69628
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    References listed on IDEAS

    as
    1. Josefa Monteagudo & Aleksander Rutkowski & Dimitri Lorenzani, 2012. "The economic impact of the Services Directive: A first assessment following implementation," European Economy - Economic Papers 2008 - 2015 456, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    Cited by:

    1. Fritz Breuss, 2022. "In Search of the "Right" Integration Effects: From Complex to Simple Modeling," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 50(3), pages 99-118, December.

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