Title: A comparison of structural reform scenarios across the EU member states - Simulation-based analysis using the QUEST model with endogenous growth
Authors: D'AURIA FrancescaPAGANO AndreaRATTO MarcoVARGA Janos
Citation: European Economy Economic Papers no. 392 p. 50
Publisher: European Commission
Publication Year: 2009
JRC N°: JRC56221
URI: http://ec.europa.eu/economy_finance/publications/publication_summary16459_en.htm
http://publications.jrc.ec.europa.eu/repository/handle/JRC56221
DOI: 10.2765/30743
Type: Articles in Journals
Abstract: This paper calibrates the Roeger-Varga-Veld (2008) micro-founded DSGE model with endogenous growth for all EU member states using country specific structural characteristics and employs the individual country models to analyse the macroeconomic impact of various structural reforms. We analyse the costs and benefits of reforms in terms of fiscal policy instruments such as taxes, benefits, subsidies and administrative costs faced by firms. We find that less R&D intensive countries would benefit the most from R&D promoting and skill-upgrading policies. We also find that shifting from labour to consumption taxes, reducing the benefit replacement rate and relieving administrative entry barriers are the most effective measures in those countries which have high labour taxes and entry barriers.
JRC Institute:Institute for the Protection and Security of the Citizen

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