IMF Working Papers

The EU Services Directive: Gains from Further Liberalization

By Emilio Fernández Corugedo, . Esther Perez Ruiz

July 1, 2014

Download PDF

Preview Citation

Format: Chicago

Emilio Fernández Corugedo, and . Esther Perez Ruiz The EU Services Directive: Gains from Further Liberalization, (USA: International Monetary Fund, 2014) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to protect the public interest. Through input output analysis, this paper finds important multiplier effects of greater efficiency services to the rest of the economy. A renewed impulse to the liberalization process could be given by enhancing the advocacy role of national competition authorities in interpreting the notion of public interest underpinning existing regulations.

Subject: Competition, Economic sectors, Financial markets, Labor, Production, Productivity, Services sector, Total factor productivity

Keywords: Amplification effect, Competition, Competition authorities, Europe, Growth theory, Input-output economics, Input-output economy, Liberalization process, Multiplier effect, Production function, Productivity, Productivity improvement, Sector economy, Services Directive, Services sector, Services sectors, TFP shock, Total factor productivity, WP

Publication Details

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2014/113

  • Stock No:

    WPIEA2014113

  • ISBN:

    9781498391726

  • ISSN:

    1018-5941

You May Also Be Interested In...

Kiribati: Agricultural Subsidies for Copra: Improving Efficiency and Equity and Balancing Trade-offs

November 21, 2024

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024