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The economic impact of the Services Directive: A first assessment following implementation

Author

Listed:
  • Josefa Monteagudo
  • Aleksander Rutkowski
  • Dimitri Lorenzani

Abstract

This paper estimates the economic impact of the actual implementation of the Services Directive across the Member States based on the new data on barriers to cross-border provision and to establishment for the periods before and after the Directive. It is however still an updated prediction or extrapolation exercise rather than an assessment of its full effects, because the period following the implementation of the Directive is too short to yield sufficient data. The study takes into account the domestic impact of barrier reductions on labour productivity, a novelty with respect to previous studies. It concludes that, while the likely effects of the achieved barrier reductions are large, Member States may reap yet additional significant benefits from the Directive if they continue their reform efforts. Besides the reduction of sectoral barriers, the Directive also seeks administrative simplification through the setting up of national Points of Single Contact (PSC). The study estimates an approximate possible economic impact of setting up PSC through the new establishments of service activities. Again it demonstrates that Member States can reap significant additional gains by improvements in the PSC.

Suggested Citation

  • Josefa Monteagudo & Aleksander Rutkowski & Dimitri Lorenzani, 2012. "The economic impact of the Services Directive: A first assessment following implementation," European Economy - Economic Papers 2008 - 2015 456, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  • Handle: RePEc:euf:ecopap:0456
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    File URL: http://ec.europa.eu/economy_finance/publications/economic_paper/2012/ecp456_en.htm
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    Cited by:

    1. Oliver Arentz & Clemens Recker & Leonhard Münstermann & Steffen J. Roth, 2015. "Der Dienstleistungssektor in Deutschland: Überblick und Deregulierungspotenziale," Otto-Wolff-Institut Discussion Paper Series 01/2015, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
    2. Nadine Behncke, 2013. "Assessing the impact of European Integration on sectoral trade in services," FIW Working Paper series 109, FIW.
    3. Jeroen Hessel & Niels Gilbert & Jasper de Jong, 2017. "Capitalising on the euro. Options for strengthening the EMU," DNB Occasional Studies 1502, Netherlands Central Bank, Research Department.

    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation

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