Global S&T Development Trend Analysis Platform of Resources and Environment
What drives implementation of the European Union’s policy recommendations to its member countries? | |
Konstantinos Efstathiou and Guntram B. Wolff | |
2022-04-13 | |
出版年 | 2022 |
国家 | 欧洲 |
领域 | 资源环境 |
英文摘要 | With a specially prepared dataset, we investigate whether and why EU countries implement EU policy recommendations. We focus on recommendations outside the fiscal rules and find that implementation rates are modest and worsened at a time (pre-pandemic) when the economic environment had improved and market pressure on sovereigns had subsided. We empirically test three hypotheses determining implementation: (i) legal strength of the EU process; (ii) pressure from financial markets; and (iii) macroeconomic environment. The econometric estimates indicate that a higher sovereign default probability and economic fundamentals increase the likelihood of reform. Stronger EU surveillance does not seem to drive reforms. |
URL | 查看原文 |
来源平台 | Bruegel |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/350206 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | Konstantinos Efstathiou and Guntram B. Wolff. What drives implementation of the European Union’s policy recommendations to its member countries?,2022. |
条目包含的文件 | 条目无相关文件。 |
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