Publication

This paper explores the untapped EU growth that could result from the better functioning of services markets. It further aims to bridge the gap between the EU policy debate, which is often framed in generalities about services, and the latest empirical economic analysis on the growth and productivity that might be generated by services markets. The authors find ample scope for further EU economic growth, both from domestic services reforms and from the deepening of the 'single services market'. Domestic and EU-level services reforms are so intertwined economically that, indeed, one may speak of a 'double dividend' and, for the eurozone, of a 'triple dividend'.