Close encounters of the European kind: Economic integration, sectoral heterogeneity and structural reforms
Close encounters of the European kind: Economic integration, sectoral heterogeneity and structural reforms
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DOI：
10.1016/j.euroecorev.2020.103511
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发表时间：
2020-10-01
影响因子：
2.8
通讯作者：
Sturm, Jan-Egbert
中科院分区：
文献类型：
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作者：
Campos, Nauro F.;Eichenauer, Vera Z.;Sturm, Jan-Egbert
本文讨论了两个主要问题：(a)欧洲一体化是否阻碍了劳工、金融和产品市场结构改革的实施？(b)这些改革的影响在不同部门之间的差异是否大于在不同国家之间的差异？与之前的研究相比，我们使用了更细致的改革措施、更长的时间窗口和更大的国家样本，证实了欧元引发了产品改革，但没有引发劳动力和金融市场改革。与以往的研究不同，我们发现：(a)单一市场具有与欧元相似的影响，(b)在解释改革的经济影响时，部门异质性似乎不如国家异质性重要。(C) 2020 Elsevier B.V.版权所有
This paper addresses two main questions: (a) Has European integration hindered the im-plementation 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. (C) 2020 Elsevier B.V. All rights reserved.