Research Catalog

Title

Structural Reforms and the Benefits of the Enlarged EU Internal Market [electronic resource]: Much Achieved and Much to Do / Jens Arnold ... [et al]

Publication

Paris : OECD Publishing, 2009.

Details

Additional Authors

• Arnold, Jens.
• Hoeller, Peter.
• Morgan, Margaret.
• Wörgötter, Andreas.

Description

29 p.; 21 x 29.7cm.

Summary

High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.694

Uniform Title

OECD Economics Department Working Papers, no.694.

Subject

• Economics
• European Union

LCCN

10.1787/224350486867

OCLC

oecd-lib

Title

Structural Reforms and the Benefits of the Enlarged EU Internal Market [electronic resource]: Much Achieved and Much to Do / Jens Arnold ... [et al]

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.694

OECD Economics Department Working Papers, 1815-1973 ; no.694.

Connect to:

Full text online available onsite at NYPL

Indexed Term

Economics

European Union

Added Author

Arnold, Jens.

Hoeller, Peter.

Morgan, Margaret.

Wörgötter, Andreas.

Other Standard Identifier

10.1787/224350486867 doi