Congratulations to Professor Paul De Grauwe who has just secured ESRC funding for a new project entitled: “Structural Reforms and European Integration: Theory, Measurement and Econometric Evidence”
Professor De Grauwe will be a lead researcher on the project. He explains the aims as such:
“The main objective of this research project is to provide a comprehensive analysis of structural reforms in the European Union. More specifically, the research programme has three main objectives.
The first objective is to construct a set of improved indicators of a broad range of structural reforms in the EU members. This will generate a new annual panel data set from 1990 to 2015 covering 28 EU countries.
The second objective is to analyze the political, institutional and economic constraints of implementing structural reforms in the EU countries. Using the new panel dataset, we will provide a detailed study of the determinants of structural reforms. We will analyze the role of initial conditions, institutions and political developments, and of economic growth on the dynamics of structural reforms.
The third objective is to investigate the impacts of structural reforms on the economies in the EU member states.
Our project is novel because it analyzes both the processes that lead to more (or less) reforms in EU countries and the impact these reforms have had on the economies of these countries.”