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Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms

Nauro Campos (), Vera Eichenauer and Jan-Egbert Sturm ()

No 8582, CESifo Working Paper Series from CESifo

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.

Keywords: European integration; structural reforms; single market; euro; sectoral heterogeneity (search for similar items in EconPapers)
JEL-codes: F40 N10 N40 O40 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-fdg and nep-his
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Related works:
Journal Article: Close encounters of the European kind: Economic integration, sectoral heterogeneity and structural reforms (2020) Downloads
Working Paper: Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms (2020) Downloads
Working Paper: Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms (2020) Downloads
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