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Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy

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Author Info

  • Alfonso Arpaia
  • Werner Roeger
  • Janos Varga
  • Jan in 't Veld
  • Alexandr Hobza
  • Isabel Grilo
  • Peter Wobst

Abstract

Using a variety of economic models, the Commission services have examined the impact of several reforms forming part of the Growth and Jobs Strategy (GJS). Overall, the results show that past reforms have delivered significant benefits, and that further reforms in key areas could generate important additional gains. The modelling results provide support for the existence of positive interactions between structural reforms in different areas, and thus for having a comprehensive reform strategy. They also highlight spillovers between reforms at EU and national level, the magnitude of which is being enhanced through the growing intensity of trade and investment.

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File URL: http://ec.europa.eu/economy_finance/publications/publication9583_en.pdf
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Bibliographic Info

Paper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 282.

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Length: 49 pages
Date of creation: Jun 2007
Date of revision:
Handle: RePEc:euf:ecopap:0282

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Related research

Keywords: structural reforms; growth and jobs strategy; GJS; economic models; trade; investment; Arpaia; Roeger; Varga; in 't Veld; Hobza; Grilo; Wobst;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Alfonso Arpaia & Declan Costello & Gilles Mourre & Fabiana Pierini, 2005. "Tracking labour market reforms in the EU Member States: an overview of reforms in 2004 based on the LABREF database," European Economy - Economic Papers 239, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Jones, Charles I., 2005. "Growth and Ideas," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 16, pages 1063-1111 Elsevier.
  3. Paul Conway & Véronique Janod & Giuseppe Nicoletti, 2005. "Product Market Regulation in OECD Countries: 1998 to 2003," OECD Economics Department Working Papers 419, OECD Publishing.
  4. Simeon Djankov & Rafael La Porta & Florencio LopezdeSilanes & Andrei Shleifer, 2000. "The Regulation of Entry," NBER Working Papers 7892, National Bureau of Economic Research, Inc.
  5. Marco Ratto & Werner Roeger, 2005. "An estimated open-economy model for the EURO area," Computing in Economics and Finance 2005 84, Society for Computational Economics.
  6. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111, CPB Netherlands Bureau for Economic Policy Analysis.
  7. Ranil Salgado, 2002. "Impact of Structural Reforms on Productivity Growth in Industrial Countries," IMF Working Papers 02/10, International Monetary Fund.
  8. Roeger, Werner & Warzynski, Frédéric, 2004. "A Joint Estimation of Price-Cost Margins and Sunk Capital - Theory and Evidence from the European Electricity Industry," Working Papers 04-17, University of Aarhus, Aarhus School of Business, Department of Economics.
  9. Bottasso, Anna & Sembenelli, Alessandro, 2001. "Market power, productivity and the EU Single Market Program: Evidence from a panel of Italian firms," European Economic Review, Elsevier, vol. 45(1), pages 167-186, January.
  10. Werner Roeger & Jan in 't Veld, 1997. "QUEST II. A Multi-Country Business Cycle and Growth Model," European Economy - Economic Papers 123, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  11. Marco Ratto & Werner Roeger & Jan in't Veld, 2007. "Fiscal policy in an estimated open-economy model for the Euro area," European Economy - Economic Papers 266, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
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Citations

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Cited by:
  1. Werner Roeger & Janos Varga & Jan in 't Veld, 2008. "Structural Reforms in the EU: A simulation-based analysis using the QUEST model with endogenous growth," European Economy - Economic Papers 351, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Christophe Cahn & Arthur Saint-Guilhem, 2008. "Potential output growth in several industrialised countries: a comparison," Working Papers halshs-00586632, HAL.
  3. Magdalena Olczyk, 2013. "Lisbon Strategy implementation in 12 New EU Members – multivariate analysis of structural indicators," GUT FME Working Paper Series A 16, Faculty of Management and Economics, Gdansk University of Technology.
  4. Barbara Annicchiarico & Fabio Di Dio & Francesco Felici, 2012. "Structural Reforms and the Potential Effects on the Italian Economy," CEIS Research Paper 227, Tor Vergata University, CEIS, revised 29 Mar 2012.
  5. Christophe Cahn & Arthur Saint-Guilhem, 2008. "Potential output growth in several industrialised countries: a comparison," PSE Working Papers halshs-00586632, HAL.

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