A RHOMOLO assessment of the impact of regulation in the EU services sector

Javier Barbero, Manol Bengyuzov (), Martin Christensen, Andrea Conte, Simone Salotti and Aleksei Trofimov ()
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Manol Bengyuzov: European Commission - DG GROW
Aleksei Trofimov: European Commission - DG GROW

No JRC127035, JRC Research Reports from Joint Research Centre

Abstract: Services account for about 70% of the GDP of the European Union (EU), and a similar share of employment. The 2006 Services Directive aims at promoting trade and investment in services by removing unjustified regulatory and administrative barriers. Nevertheless, the Single Market for services remains fragmented. The analysis reported here shows that the realised removal of barriers between 2006 and 2017 results in discounted cumulative gains of 2.1% of GDP by the year 2027. Additional ambitious reforms could generate an additional growth potential of up to 2.5% of GDP by 2027, resulting in a total cumulative gain in GDP of up to 4.65% by 2027.

Keywords: rhomolo; general equilibrium; economic growth (search for similar items in EconPapers)
JEL-codes: C68 R13 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2022-01
New Economics Papers: this item is included in nep-eec, nep-law and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc127035

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