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The EU Services Directive: Gains from Further Liberalization

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  • Emilio Fernández Corugedo
  • Mrs. Esther Perez Ruiz

Abstract

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to protect the public interest. Through input output analysis, this paper finds important multiplier effects of greater efficiency services to the rest of the economy. A renewed impulse to the liberalization process could be given by enhancing the advocacy role of national competition authorities in interpreting the notion of public interest underpinning existing regulations.

Suggested Citation

  • Emilio Fernández Corugedo & Mrs. Esther Perez Ruiz, 2014. "The EU Services Directive: Gains from Further Liberalization," IMF Working Papers 2014/113, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2014/113
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    References listed on IDEAS

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    Cited by:

    1. International Monetary Fund, 2015. "Central and Eastern Europe: New Member States (NMS) Policy Forum, 2014, Selected Issues Paper," IMF Staff Country Reports 2015/098, International Monetary Fund.
    2. 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.
    3. Milena Kern & Jörg Paetzold & Hannes Winner, 2021. "Cutting red tape for trade in services," The World Economy, Wiley Blackwell, vol. 44(10), pages 2858-2886, October.
    4. Vojtech Olbrecht, 2016. "Effect of the Service Directive on Wholesale and Retail Companies: Diff in Diff in Diff Evidence," MENDELU Working Papers in Business and Economics 2016-61, Mendel University in Brno, Faculty of Business and Economics.
    5. Beck, Krzysztof, 2021. "Why business cycles diverge? Structural evidence from the European Union," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    6. International Monetary Fund, 2015. "France: Selected Issues," IMF Staff Country Reports 2015/179, International Monetary Fund.
    7. Yvonne Wolfmayr & Michael Pfaffermayr, 2022. "The EU Services Directive: Untapped Potentials of Trade in Services," WIFO Studies, WIFO, number 69628, Juni.
    8. Galina Boyanova Zaharieva, 2020. "International Services Trade Competitiveness of EU-27 Countries," Business & Management Compass, University of Economics Varna, issue 3, pages 273-296.
    9. Magdalena Kizior & Dominique Simonis & Edouard Turkisch & Irene Vlachaki, 2018. "Identifying Priority Service Sectors for Reforms in France," European Economy - Economic Briefs 035, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    10. Masuch, Klaus & Anderton, Robert & Setzer, Ralph & Benalal, Nicholai, 2018. "Structural policies in the euro area," Occasional Paper Series 210, European Central Bank.
    11. Jesmin Rahman & Ara Stepanyan & Jessie Yang & Mr. Li Zeng, 2015. "Exports in a Tariff-Free Environment: What Structural Reforms Matter? Evidence from the European Union Single Market," IMF Working Papers 2015/187, International Monetary Fund.
    12. Bonatti, Luigi & Fracasso, Andrea, 2019. "Policy inertia, self-defeating expectations and structural reforms: can policy modeling cope?," Journal of Policy Modeling, Elsevier, vol. 41(5), pages 943-962.
    13. Mr. Christian H Ebeke & Jan-Martin Frie & Louise Rabier, 2019. "Deepening the EU’s Single Market for Services," IMF Working Papers 2019/269, International Monetary Fund.

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