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

Nauro Campos, Vera Eichenauer and Jan-Egbert Sturm

No 13706, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: F4 N1 N4 O4 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2020-09
New Economics Papers: this item is included in nep-eec, nep-fdg and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published - published in: European Economic Review, 2020, 129, 103511

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Related works:
Journal Article: Close encounters of the European kind: Economic integration, sectoral heterogeneity and structural reforms (2020)
Working Paper: Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms (2020)
Working Paper: Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms (2020)
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