Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III
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Organización Internacional del Trabajo (OIT)
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| Format: | Libro |
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International Labour Organization
2017
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| _version_ | 1874525222579732483 |
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| author | Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez |
| author_facet | Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez |
| contents | Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez Entry barriers make markets less contestable and thereby reduce competition, resulting in lower TFP, GDP and employment growth. Following the Lisbon strategy, Member States increasingly adopted measures to reduce the costs of starting a business. This paper quantifies the macroeconomic impact of such policies and identifies the main structural characteristics still driving the differences across Member States. In general, countries with high entry barriers and a less developed R&D sector seem to benefit proportionally more from a reduction of the so-called red tape barriers. Growth of GDP, TFP and employment could be further enhanced by also improving access to finance. Countries with a more developed R&D sector experience stronger growth in the long run when the reduction of the red tape barriers is accompanied by an improved access to finance. Publications Office of the European Union publication.book |
| format | Libro |
| id | ilo_995269242902676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2017 |
| publisher | International Labour Organization |
| spellingShingle | Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III Joint Research Centre P. Christensen C. Benedetti-Fasil N. Robledo-Böttcher M. Sanchez-Martinez Entry barriers make markets less contestable and thereby reduce competition, resulting in lower TFP, GDP and employment growth. Following the Lisbon strategy, Member States increasingly adopted measures to reduce the costs of starting a business. This paper quantifies the macroeconomic impact of such policies and identifies the main structural characteristics still driving the differences across Member States. In general, countries with high entry barriers and a less developed R&D sector seem to benefit proportionally more from a reduction of the so-called red tape barriers. Growth of GDP, TFP and employment could be further enhanced by also improving access to finance. Countries with a more developed R&D sector experience stronger growth in the long run when the reduction of the red tape barriers is accompanied by an improved access to finance. Publications Office of the European Union publication.book |
| title | Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III |
| url | https://researchrepository.ilo.org/esploro/outputs/book/Entry-barriers-and-their-macroeconomic-impact/995269242902676 |