Understanding the Political Economy of Reforms: Lessons from the EU

Theo Aphecetche, Erik Canton, Maria Garrone and Alexandr Hobza

No 70, European Economy - Economic Briefs from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: This Economic Brief identifies the main political economy conditions facilitating or hindering the implementation of reforms. It analyses and draws lessons from some of the most significant reform efforts by EU countries over the past decade. First, reform implementation is easier when the government has a strong political mandate. Second, providing a strong evidence base for the reform helps to build support. Finally, reform design needs to consider adequate compensatory measures, and an effective communication and consultation process. The note concludes by indicating how the design of the Recovery and Resilience Facility addresses some of these political economy factors.

Keywords: Political economy; structural reforms; COVID-19 crisis; recovery; RRF; Aphecetche; Canton; Garrone; Hobza. (search for similar items in EconPapers)
JEL-codes: P11 P16 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2022-01
New Economics Papers: this item is included in nep-pol
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecobri:070

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