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dc.contributor.authorAlho, Kari E.O.en_US
dc.date.accessioned2012-09-21T10:56:36Z-
dc.date.available2012-09-21T10:56:36Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/63648-
dc.description.abstractThe paper considers economic reforms in the EU using an economic-political model which captures the possible myopia in economic policies, and analyses reforms in taxation, the welfare state, and in the labour and product markets. We show that high taxes and an extensive welfare state are likely to be the case under myopia as compared to the social optimum. We also consider the interaction between the reform activity and the Stability and Growth Pact, which hampers reforms in tax policies, but is conducive to reforming the welfare state, the product and labour markets, although the magnitude of these impacts is not marked under the actual tightness of the Pact. We also find that economic and political considerations tend to favour the emphasis to be put on reforming the goods market, instead of the labour market, which has also broadly speaking been the case in reality in the EU. Econometric evidence presented in the paper also supports these results. Coordination of reforms in the EU is most important in the case of the product market, but not in other fields.en_US
dc.language.isoengen_US
dc.publisherThe Research Institute of the Finnish Economy (ETLA) Helsinkien_US
dc.relation.ispartofseriesETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1050en_US
dc.subject.jelE20en_US
dc.subject.jelH30en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic reform, EU, political myopiaen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwEU-Stabilitätspakten_US
dc.titleStructural reforms in the EU and the political myopia in economic policiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn520176561en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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