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A RHOMOLO assessment of the impact of regulation in the EU services sector

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Abstract

Services account for about 70% of the GDP of the European Union (EU), and a similar share of employment. The 2006 Services Directive aims at promoting trade and investment in services by removing unjustified regulatory and administrative barriers. Nevertheless, the Single Market for services remains fragmented. The analysis reported here shows that the realised removal of barriers between 2006 and 2017 results in discounted cumulative gains of 2.1% of GDP by the year 2027. Additional ambitious reforms could generate an additional growth potential of up to 2.5% of GDP by 2027, resulting in a total cumulative gain in GDP of up to 4.65% by 2027.

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  • Javier Barbero & Manol Bengyuzov & Martin Christensen & Andrea Conte & Simone Salotti & Aleksei Trofimov, 2022. "A RHOMOLO assessment of the impact of regulation in the EU services sector," JRC Research Reports JRC127035, Joint Research Centre.
  • Handle: RePEc:ipt:iptwpa:jrc127035
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC127035
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    Keywords

    rhomolo; general equilibrium; economic growth;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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