IDEAS home Printed from https://ideas.repec.org/a/erc/cypepr/v4y2010i2p43-71.html
   My bibliography  Save this article

Structural Weaknesses in the Economy of Cyprus: How Do We Score Relative to the EU15?

Author

Listed:
  • Louis N. Christofides

    (Department of Economics and Economics Research Centre, University of Cyprus)

  • Maria Michael

    (Economics Research Centre, University of Cyprus)

Abstract

Structural reforms for promoting economic growth and improving labour market conditions are some of the main targets of the Lisbon strategy. This paper examines how Cyprus compares with the EU on a number of structural indicators which are related to the Lisbon strategy. The results for Cyprus are divided into three parts. The first part investigates the sources of GDP per capita and GDP growth using a growth accounting exercise. The second part analyses performance in 20 policy areas related to: (i) Labour market, (ii) Product and capital market regulations, (iii) Innovation and knowledge and (iv) Macroeconomy. Finally, the third part determines priorities among policy areas, relating underperformance in the first two parts based on the literature. The study aims to evaluate the results for Cyprus, providing policy recommendations when possible.

Suggested Citation

  • Louis N. Christofides & Maria Michael, 2010. "Structural Weaknesses in the Economy of Cyprus: How Do We Score Relative to the EU15?," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 4(2), pages 43-71, December.
    • Handle: RePEc:erc:cypepr:v:4:y:2010:i:2:p:43-71
    as

    Download full text from publisher

    File URL: https://www.ucy.ac.cy/erc/documents/Christofides_Michael_Full_Text.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2010. "Cyprus: Selected Issues," IMF Staff Country Reports 2010/289, International Monetary Fund.
    2. Gilles Mourre, 2009. "What explains the differences in income and labour utilisation and drives labour and economic growth in Europe? A GDP accounting perspective," European Economy - Economic Papers 2008 - 2015 354, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mihi-Ramírez Antonio & Ojeda-González Sara & Miranda-Martel María José & Agoh Eugene, 2016. "The Contribution of Migration to Economics Growth. Evidence from Spain," Open Economics, De Gruyter, vol. 1(1), pages 124-130, August.
    2. Dana Kloudova, 2015. "Estimating Output Gap and Potential Output for Russia and Its Usefulness by Forecasting Inflation," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 4(1), pages 45-59, March.
    3. Harris, Richard & Moffat, John, 2012. "Total factor productivity growth in local economic partnership regions in Britain, 1997-2008," LSE Research Online Documents on Economics 59249, London School of Economics and Political Science, LSE Library.
    4. Kloudová Dana, 2014. "Estimating Output Gap and Potential Output for Russia and Its Uselfulness by Forecasting Inflation," Proceedings of Economics and Finance Conferences 0402134, International Institute of Social and Economic Sciences.
    5. Sofronis Clerides, 2014. "The Collapse of the Cypriot Banking System: A Bird’s Eye View," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(2), pages 3-35, December.
    6. Lorenzo Codogno & Francesco Felici, "undated". "Assessing Italy's Reform Challenges:What Do Growth Accounting and Structural Indicators Say?," Working Papers 8, Department of the Treasury, Ministry of the Economy and of Finance.
    7. Richard Harris & John Moffat, 2015. "Total Factor Productivity Growth in Local Enterprise Partnership Regions in Britain, 1997-2008," Regional Studies, Taylor & Francis Journals, vol. 49(6), pages 1019-1041, June.
    8. Gerba, Eddie, 2015. "Have the US macro-financial linkages changed? The balance sheet dimension," LSE Research Online Documents on Economics 59886, London School of Economics and Political Science, LSE Library.
    9. Bergljot B Barkbu & Jesmin Rahman & Rodrigo O. Valdes, 2012. "Fostering Growth in Europe Now," IMF Staff Discussion Notes 12/07, International Monetary Fund.
    10. �kos Dombi, 2013. "The sources of economic growth and relative backwardness in the Central Eastern European countries between 1995 and 2007," Post-Communist Economies, Taylor & Francis Journals, vol. 25(4), pages 425-447, December.
    11. Harris, Richard & Moffat, John, 2011. "Plant-level determinants of total factor productivity in Great Britain, 1997-2006," LSE Research Online Documents on Economics 33561, London School of Economics and Political Science, LSE Library.
    12. Richard Harris & John Moffat, 2015. "Plant-level determinants of total factor productivity in Great Britain, 1997–2008," Journal of Productivity Analysis, Springer, vol. 44(1), pages 1-20, August.
    13. Dana Kloudová, 2016. "Does Using Nairu In The Production Function Influence Estimation Of Potential Output And Output Gap?," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(2), pages 1-21, June.
    14. Robert Price & Andreas Wörgötter, 2011. "Estonia: Making the Most of Globalisation," OECD Economics Department Working Papers 876, OECD Publishing.
    15. Dana Kloudová, 2016. "Calculation Of Capital-To-Output Ratio In A Production Function By Estimating Potential Output And Output Gap: The Case For The Czech Republic And Slovakia," Proceedings of Economics and Finance Conferences 3206128, International Institute of Social and Economic Sciences.
    16. Mihajlo Jakovljevic & Paula Odete Fernandes & João Paulo Teixeira & Nemanja Rancic & Yuriy Timofeyev & Vladimir Reshetnikov, 2019. "Underlying Differences in Health Spending Within the World Health Organisation Europe Region—Comparing EU15, EU Post-2004, CIS, EU Candidate, and CARINFONET Countries," IJERPH, MDPI, vol. 16(17), pages 1-15, August.
    17. repec:ehl:lserod:56407 is not listed on IDEAS
    18. International Monetary Fund, 2012. "Republic of Croatia: Selected Issues," IMF Staff Country Reports 2012/303, International Monetary Fund.
    19. Richard Harris & John Moffat, 2013. "The Direct Contribution of FDI to Productivity Growth in Britain, 1997–2008," The World Economy, Wiley Blackwell, vol. 36(6), pages 713-736, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erc:cypepr:v:4:y:2010:i:2:p:43-71. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vasiliki Bozani (email available below). General contact details of provider: https://edirc.repec.org/data/erucycy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.