International spillovers of domestic reforms

Arjan Lejour () and Hugo Rojas-Romagosa ()

CPB Discussion Papers from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: Using the CGE model WorldScan, we assess the benefits for the EU member states of jointly reaching four of the Lisbon targets (i.e. 70% employment, skills upgrades, increased R&D expenditures and administrative burden reductions of 25%), compared with the alternative when each country unilaterally pursues these reforms. With this approach, we estimate the associated international spillovers of joint EU coordination. Spillovers associated with R&D expenditures are a key factor. When the R&D target is jointly reached in the EU, output almost doubles and consumption experiments an even greater increase. The other three targets also produce positive spillovers, but of a much lower magnitude.

Keywords: International Policy Spillovers; CGE models; R&D spillovers (search for similar items in EconPapers)
JEL-codes: F42 C68 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-eec, nep-knm and nep-opm
Date: 2008-05
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Persistent link: http://EconPapers.repec.org/RePEc:cpb:discus:105

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