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Product Market Reforms in EU Countries: Are the methodology and evidence sufficiently robust? CEPS Working Document No. 332, July 2010

Pelkmans, Jacques. (2010) Product Market Reforms in EU Countries: Are the methodology and evidence sufficiently robust? CEPS Working Document No. 332, July 2010. [Working Paper]

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    Abstract

    This working paper critically discusses the most prominent empirical approach used to measure regulation in EU countries: the OECD product market regulation (PMR) indicators. There are two vintages of PMR: one based on the period 1997-2005 and an improved ‘integrated’ PMR developed over 2006-09. The author finds that the latter constitutes an improvement, reducing or eliminating some of the shortcomings of the first PMR indicators, but that a systemic EU-neglect bias is not addressed and remains a disturbing facet. He first reviews the considerable merits of the PMRs and identifies no less than nine advantages. But the bulk of the paper is devoted to a series of omissions, weaknesses and shortcomings which, broadly speaking, have the unfortunate effect of making EU countries' goods and services markets appear more restrictively regulated than they really are, compared to other OECD countries.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > regulations/regulatory policies
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 13 Aug 2010
    Page Range: p. 36
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14578

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