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Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy - Arpaia, Roeger, Varga, in 't Veld, Hobza, Grilo, Wobst
Author(s): Alfonso Arpaia, Werner Roeger, Janos Varga, Jan in 't Veld and Alexandr Hobza (Directorate-General for Economic and Financial Affairs) and Isabel Grilo and Peter Wobst (Directorate-General for Enterprise and Industry)
Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy - Arpaia, Roeger, Varga, in 't Veld, Hobza, Grilo, Wobst (716 kB)
Using a variety of economic models, the Commission services have examined the impact of several reforms forming part of the Growth and Jobs Strategy (GJS). Overall, the results show that past reforms have delivered significant benefits, and that further reforms in key areas could generate important additional gains. The modelling results provide support for the existence of positive interactions between structural reforms in different areas, and thus for having a comprehensive reform strategy. They also highlight spillovers between reforms at EU and national level, the magnitude of which is being enhanced through the growing intensity of trade and investment.
(European Economy. Economic Papers 282. June 2007.
Brussels. 49pp. Tab. Free.)
|ISBN 978-92-79-04635-3 (online)||
|ISSN 1016-8060 (online)