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After the CrisisReform, Recovery, and Growth in Europe$
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Francesco Caselli, Mário Centeno, and José Tavares

Print publication date: 2016

Print ISBN-13: 9780198754688

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198754688.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 January 2022

The Agenda for Structural Reform in Europe

The Agenda for Structural Reform in Europe

Chapter:
(p.6) 1 The Agenda for Structural Reform in Europe
Source:
After the Crisis
Author(s):

Antonio Fatás

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198754688.003.0002

Structural reforms have been part of the economic policy discussions of European governments since the 1970s, but, during the last decade, the global financial crisis has created a sense of urgency because of the low performance of many European economies. In this chapter, empirical analysis first shows that there exists a strong correlation between policies, institutions, and economic performance. Reforms are happening and they are happening faster in the countries that need them the most. However, the speed of reforms is not always fast enough, reforms happen in an isolated manner, and their effects are not as large as planned. The chapter concludes with some thoughts on what it would take to accelerate the reform process and the potential role of Europe and its institutions.

Keywords:   Europe, Reforms, Economic Growth, Productivity, Labour Markets

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