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The Political Economy of Structural Reforms in Europe
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The Political Economy of Structural Reforms in Europe

Nauro F. Campos, Paul De Grauwe, and Yuemei Ji

Abstract

Reforms in labour and product markets play a central role in government policies. The issue of whether structural reforms lead to higher economic growth remains controversial. Researchers in this field tend to agree on the positive role that reforms could play in driving growth as a result of efficiency gains and technological progress. However, reforms may have some negative impacts. One concern is about the timing: structural reforms may not be effective but turn out to be negative when the economy is in a recession and demand is weak. The other concern is structural reforms may lead to inco ... More

Keywords: structural reforms, European Union, labour market regulation, product markets, macroeconomic performance, growth, income inequality

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780198821878
Published to Oxford Scholarship Online: August 2018 DOI:10.1093/oso/9780198821878.001.0001

Authors

Affiliations are at time of print publication.

Nauro F. Campos, editor
Professor of Economics, Brunel University and ETH-Zürich

Paul De Grauwe, editor
John Paulson Professor, London School of Economics

Yuemei Ji, editor
Lecturer of Economics, University College London

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