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Institutions, Governance and Economic Growth in the EU: Is There a Role for the Lisbon Strategy?

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  • Annette Bongardt*
  • Francisco Torres**

Abstract

In order to ensure that the internal market delivers (growth, jobs) in the face of a changing market and technological environment (internal market liberalisation, globalisation, the knowledge-based economy) and to take advantage of the opportunities that it presents, the European Union (EU) needs to create an adequate institutional framework that promotes its efficiency potential and adaptive capacity. In the reality of European mixed economies, its capacity to solve the structural problems that impair productivity and economic growth in Europe hinges very much on governance, in particular when reforms to realise international synergies and complementarities or policy-learning with a view to common goals involve not only the EU but as well the Member State level. The Lisbon Agenda can be considered an exercise of policy coordination that needs to ensure that Member States’ over-regulated economies comply both with liberalisation in the Single Market and with an adequate European-wide institutional environment for sustainable growth without coordination mismatches, protectionism and market segmentation. This ultimately raises the question, central to this paper, of the adequate governance level and of the regulatory model to adopt (systems competition and/or European regulation).

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s10272-007-0209-8
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Bibliographic Info

Article provided by Springer in its journal Intereconomics.

Volume (Year): 42 (2007)
Issue (Month): 1 (January)
Pages: 32-42

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Handle: RePEc:spr:intere:v:42:y:2007:i:1:p:32-42

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References

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  1. André Sapir, 2006. "Globalization and the Reform of European Social Models," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 369-390, 06.
  2. Ark, Bart van, 2005. "Does the European Union need to revive productivity growth," GGDC Research Memorandum 200575, Groningen Growth and Development Centre, University of Groningen.
  3. Klaus-Dirk Henke* & Wolf Schäfer & Jacques Pelkmans & Ian Cooper, 2006. "Subsidiarity in the European Union," Intereconomics: Review of European Economic Policy, Springer, vol. 41(5), pages 240-257, September.
  4. Annette Bongardt, 2005. "Competition Policy and EU Governance," Working Papers de Economia (Economics Working Papers) 28, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
  5. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
  6. Sjef Ederveen & Albert van der Horst & Paul Tang, 2005. "Is the European EConomy a Patient and the Union its Doctor? On Jobs and Growth in Europe," Economics Working Papers 035, European Network of Economic Policy Research Institutes.
  7. Oecd, 2005. "The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment in the OECD," OECD Economics Department Working Papers 463, OECD Publishing.
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Cited by:
  1. Annette Bongardt & Francisco Torres, 2007. "Is the “European Model” viable in a globalized world?," Working Papers de Economia (Economics Working Papers) 46, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.

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