Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy
AbstractUsing 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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Bibliographic InfoPaper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 282.
Length: 49 pages
Date of creation: Jun 2007
Date of revision:
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structural reforms; growth and jobs strategy; GJS; economic models; trade; investment; Arpaia; Roeger; Varga; in 't Veld; Hobza; Grilo; Wobst;
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