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Structural Reforms as a Panacea? The European Productivity and Growth Puzzle. CEPS Report, 20 December 2016

Gros, Daniel. (2016) Structural Reforms as a Panacea? The European Productivity and Growth Puzzle. CEPS Report, 20 December 2016. [Policy Paper]

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    Abstract

    In his article, Gros calls for a more active policy towards improving productivity, since neither cheap money nor structural reforms have shown the desired effects thus far. Not surprisingly, Gros points to a lack of investment as one of the main causes for low growth. Citing a list of growth initiatives launched in the last two decades, he argues that although impressive progress has been made with regard to structural reform, very little of this has turned up in the growth and productivity figures. He concludes that more investigation into the causes of the current stagnation is needed before policymakers call for more structural reforms.

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    Item Type: Policy Paper
    Additional Information: DOI: 10.1007/s10272-016-0627-6
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > economic growth
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Special Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 22 Dec 2016 13:19
    Number of Pages: 3
    Last Modified: 22 Dec 2016 13:20
    URI: http://aei.pitt.edu/id/eprint/82979

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