Ferreira Campos, N;
Eichenauer, VZ;
Sturm, J-E;
(2020)
Close Encounters of the European Kind: Structural Reforms, Economic Integration and Sectoral Heterogeneity.
European Economic Review
, 129
, Article 103511. 10.1016/j.euroecorev.2020.103511.
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Abstract
This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial and product market structural reforms? (b) Do the effects of these reforms vary more across sectors than across countries? Using more granular reform measures, longer time windows and a larger sample of countries than previous studies, we confirm that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in explaining the economic impacts of reforms than country heterogeneity.
| Type: | Article |
|---|---|
| Title: | Close Encounters of the European Kind: Structural Reforms, Economic Integration and Sectoral Heterogeneity |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.euroecorev.2020.103511 |
| Publisher version: | https://doi.org/10.1016/j.euroecorev.2020.103511 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | European integration, Structural reforms, Single market, Euro, Sectoral heterogeneity |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10103244 |
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