Structural reforms in the european union after the global crisis: problems and prospects

Milone, Luciano Marcello (2015) Structural reforms in the european union after the global crisis: problems and prospects. Working Paper. Dipartimento di Economia e Diritto, Università degli studi di Roma La Sapienza, Roma.

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In the perspective of a successful exit from the recent global crisis, the debate on the long-term programmes of structural reforms in the EU countries has gradually revived. However, similarly to the pre-crisis experience, the path of structural reforms continues to appear fraught with difficulties. On the basis of the extensive literature grounded on the political economy and public choice approaches, this paper analyses why the decision-making process of structural reforms is usually very difficult even though they lead to a more efficient allocation of resources and boost long-run growth. Finally, the paper points out how the progress of a country’s structural reforms may be strongly influenced by political, institutional and economic factors contributing to define the framework in which policy makers interact with the national community in its various forms, the lobbies and more in general the organized special interest groups.

Item Type: Monograph (Working Paper)
Additional Information: Fa parte della collana Working Papers Series of the Department of Public Economicsn, ISSN 1974-2940
Uncontrolled Keywords: Financial crises, Growth, Political economics, Structural reforms
Subjects: 300 Scienze sociali > 330 Economia
Depositing User: Dipartimento economia e diritto
Date Deposited: 08 Sep 2015 08:37
Last Modified: 08 Sep 2015 08:37

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