Structural Reforms and the Benefits of the Enlarged EU Internal Market: Much Achieved and Much to Do
High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidenc...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.694 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms. |
| Beschreibung: | 1 Online-Ressource (28 p.) 21 x 29.7cm. |
| DOI: | 10.1787/224350486867 |
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| 520 | |a High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms. | ||
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| spelling | Arnold, Jens Matthias VerfasserIn aut Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do Jens Matthias, Arnold ... [et al] = Les réformes structurelles et les avantages du marché intérieur élargi de l'UE : Beaucoup a été fait, mais beaucoup reste à faire / Jens Matthias, Arnold ... [et al] Les réformes structurelles et les avantages du marché intérieur élargi de l'UE Paris OECD Publishing 2009 1 Online-Ressource (28 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.694 High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms. Economics European Union Hoeller, Peter MitwirkendeR ctb Morgan, Margaret MitwirkendeR ctb Wörgötter, Andreas MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/224350486867 Volltext |
| spellingShingle | Arnold, Jens Matthias Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do Economics European Union |
| title | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do |
| title_alt | Les réformes structurelles et les avantages du marché intérieur élargi de l'UE |
| title_auth | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do |
| title_exact_search | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do |
| title_full | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do Jens Matthias, Arnold ... [et al] = Les réformes structurelles et les avantages du marché intérieur élargi de l'UE : Beaucoup a été fait, mais beaucoup reste à faire / Jens Matthias, Arnold ... [et al] |
| title_fullStr | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do Jens Matthias, Arnold ... [et al] = Les réformes structurelles et les avantages du marché intérieur élargi de l'UE : Beaucoup a été fait, mais beaucoup reste à faire / Jens Matthias, Arnold ... [et al] |
| title_full_unstemmed | Structural Reforms and the Benefits of the Enlarged EU Internal Market Much Achieved and Much to Do Jens Matthias, Arnold ... [et al] = Les réformes structurelles et les avantages du marché intérieur élargi de l'UE : Beaucoup a été fait, mais beaucoup reste à faire / Jens Matthias, Arnold ... [et al] |
| title_short | Structural Reforms and the Benefits of the Enlarged EU Internal Market |
| title_sort | structural reforms and the benefits of the enlarged eu internal market much achieved and much to do |
| title_sub | Much Achieved and Much to Do |
| topic | Economics European Union |
| topic_facet | Economics European Union |
| url | https://doi.org/10.1787/224350486867 |
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