Download publication

Policy Contribution

Smart choices for growth

Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult.

By: Date: November 28, 2012 Innovation & Competition Policy Tags & Topics

The different success factors for individual sectors are complementary. Using the example of the high-tech industry, we make the case that only investing in one success factor (eg broadband infrastructure) without having a sufficient endowment of others (eg education) is unlikely to make the sector successful.

One consequence of the complementarity of the different success factors is that public investment and reform efforts should be fine-tuned in order to match the endowment of other factors. This might imply an increase in efforts to tackle several structural barriers at the same time, but it might also imply reducing investment in less promising fields. This in turn requires strategic thinking about whether it is worthwhile pursuing development strategies that require investment in many success factors but that do not promise much success. Such a strategic approach to public investment and reform efforts might make the allocation of scarce public financial and political capital more efficient.

View comments
Read article Download PDF More on this topic

Working Paper

WP 03 2016

Challenging prospects for roam like at home

In 2015 the European Union adopted new rules seeking to implement a roam like at home regime for member states. This Working Paper highlights challenges in implementing roam like at home, and it provides insights on the economics of international mobile roaming.

By: Georgios Petropoulos and J. Scott Marcus Topic: Innovation & Competition Policy Date: June 15, 2016
Read article More on this topic More by this author

Blog Post

Jérémie Cohen-Setton

The cyclicality of structural reforms

What’s at stake: In line with the crisis-induced reform hypothesis, European countries have since 2010 enacted unpopular reforms in labour market regulation and social welfare systems.

By: Jérémie Cohen-Setton Topic: European Macroeconomics & Governance Date: June 13, 2016
Read article More on this topic More by this author

Blog Post

Scott Marcus

New EU net neutrality guidelines are a pragmatic next step

The new guidelines issued on the implementation of European net neutrality rules by national regulators are sensible and pragmatic.

By: J. Scott Marcus Topic: Innovation & Competition Policy Date: June 8, 2016
Read about event More on this topic

Past Event

Past Event

Internet taxation: challenges and policy recommendations

As the economy moves online, it becomes more difficult for national tax authorities to collect revenue. How great is the impact, and what should corporate taxation look like in the digital age?

Speakers: Francis Bloch, Caroline Edery, Dmitri Jegorov, Helena Kiurusalmi, J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 7, 2016
Read article More on this topic

Blog Post

Scott Marcus
IMG_20151119_103626

European e-commerce needs better visibility into cross-border delivery prices

Consumers, retail shippers, and European and national regulatory authorities could benefit from enhanced visibility into the price of shipping goods across borders in Europe.

By: J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Date: May 25, 2016
Read article Download PDF More on this topic

Policy Contribution

E-commerce in Europe: parcel delivery prices in a digital single market

E-commerce in Europe: parcel delivery prices in a digital single market

The expansion of e-commerce, a substantial growth opportunity for Europe, is hampered by high cross-border parcel delivery prices. This paper analyses the economics of cross-border parcel delivery and it draws a comparison with the telecommunications sector.

By: J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Date: May 25, 2016
Read article More on this topic

Blog Post

Grégory Claeys
Alvaro Leandro

Assessing the Juncker Plan after one year

With the Juncker Plan, the European Commission intends to support valuable risky projects by expanding the risk capacity of the EIB. But has the new European Fund for Strategic Investments really been used to finance 'additional' projects?

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance Date: May 17, 2016
Read article More on this topic More by this author

Blog Post

Jérémie Cohen-Setton

Regulation and growth

What’s at stake: A heated debate took place this week on the blogosphere on the link between regulation and growth following an op-ed by John Cochrane claiming the US economy could be five times richer if regulations were scrapped.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: May 16, 2016
Read about event More on this topic

Past Event

Past Event

The United States and Europe: Short-term divergence but shared challenges

Europe and the United States have had divergent experiences since the economic crisis. But they share several challenges in the years ahead: slowing productivity growth, rising inequality, and falling labour force participation. How can those challenges be turned into opportunities?

Speakers: Jason Furman, Natacha Valla and Guntram B. Wolff Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 11, 2016
Read about event More on this topic

Past Event

Past Event

E-commerce in Europe: Lessons for parcel delivery from electronic communications

Bruegel was pleased to welcome Andrus Ansip, Vice-President of the European Commission and European Commissioner for the Digital Single Market. He discussed the place of parcel delivery in the DSM, and commented on research by Bruegel scholars suggesting there are useful parallels with telecommunications interconnection and roaming.

Speakers: Andrus Ansip, Jean-Paul Forceville, Annegret Groebel, J. Scott Marcus and Guntram B. Wolff Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 3, 2016
Read article More on this topic

Opinion

fratzscher-03
Reint_Gropp_m
p2-Kotz
jan-pieter-krahnen
odendahl-june14-1409577172
Beatrice Weder di Mauro
Guntram B. Wolff

Mere criticism of the ECB is no solution

What would happen if the ECB failed to respond to the excessively low inflation and the weak economy? And what economic policy would be suitable under the current circumstances, if not monetary policy?

By: Marcel Fratzscher, Reint Gropp, Hans-Helmut Kotz, Jan Krahnen, Christian Odendahl, Beatrice Weder di Mauro and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: April 10, 2016
Read about event More on this topic

Past Event

Past Event

Seven Years after the Crisis: Intersecting Perspectives

The global economy is still marked by the effects of the financial crisis. Advanced and emerging economies display divergent narratives in the post-crisis period, but what can they learn from each other?

Speakers: Abdelaziz Ait Ali, Karim El Aynaoui, Hakim Ben Hammouda, Samir Benmakhlouf, Dominique Bocquet, Marek Dabrowski, Uri Dadush, Laura El-Katiri, Karim El Mokri, Iñigo Fernandez de Mesa, Manfred Hafner, Malika Laasri Lahou, Ted Moran, Mehmet Öğütçü, Nicolò Russo Perez, Marco Raganella, Ahmed Rahhou, Stefano Sacchi, Edward Scicluna, Simone Tagliapietra, Heliodoro Temprano Arroyo, Guntram B. Wolff, Georg Zachmann, Daniela Zampini, Marie Francoise Marie-Nelly and Chiedu Osakwe Topic: Global Economics & Governance Location: Rabat, Morocco Date: March 31, 2016
Load more posts