An analysis of the possible causes of product market malfunctioning in the EU: First results for manufacturing and service sectors

Fabienne Ilzkovitz, Adriaan Dierx and Nuno Sousa

No 336, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: Within the context of the follow-up to the Single Market Review, the European Commission has screened EU manufacturing and service sectors for problems of market malfunctioning. This paper investigates the nature of these problems in the selected sectors and focuses on the following four dimensions of market functioning: regulation, integration, competition and innovation. In spite of the data limitations, regulation appears to be a cross cutting factor affecting market functioning in many sectors. The service sectors, in particular, show signs of an unexploited potential in terms of market integration and competition pressures. In all selected sectors there are indications of an unsatisfactory innovation performance. Overall, the analysis appears to confirm the results of the initial sector screening.

Keywords: European economy; economic integration; regulation; competition; innovation; Internal Market; Single Market; structural policy; manufacturing sectors; service sectors; Ilzkovitz; Dierx; Sousa (search for similar items in EconPapers)
JEL-codes: F15 L16 L50 (search for similar items in EconPapers)
Pages: pages
Date: 2008-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0336

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