Impact of market entry and exit on EU productivity and growth performance

Michele Cincera and Olivia Galgau

No 222, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: The European Union and its Member States have been engaged in product market reforms over a long period with notable reforms including the Single Market Program and the Lisbon Agenda launched in March 2000. Product market reforms are seen as exerting both a direct and an indirect impact on productivity, however, the net effects of the direct effect were found to be small. This study concentrates on the impact of product market reforms on firm entry and exit that can itself be decomposed into two effects: internal restructuring which refers to productivity growth of individual firms present in the industry and external restructuring whereby the process of market selection leads to a reallocation of resources among individual firms. The change in firm entry and exit will in turn affect macroeconomic performance.

Keywords: market entry; market exit; productivity; product market reform; performance growth; Cincera; Galgau (search for similar items in EconPapers)
Pages: 122 pages
Date: 2005-02
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Citations: View citations in EconPapers (31)

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https://ec.europa.eu/economy_finance/publications/pages/publication712_en.pdf (application/pdf)

Related works:
Working Paper: Impact of Market Entry and Exit on EU Productivity and Growth Performance (2005)
Working Paper: Impact of market entry and exit on EU productivity and growth performance (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0222

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