Uloga strukturnih reformi u poticanju vanjske konkurentnosti zemalja Europske unije

Opis projekta
The aim of project is to analyse the effects of structural reforms on external competitiveness in EU countries. This issue became important after a decade of economic growth driven through domestic demand fuelled by huge flows of capital to many european pheriphery. These capital flows fed huge housing bubbles and created booms in the countries receiving the inflows. The booms caused the rise of costs and prices much more in the periphery than in the core. Peripheral economies became increasingly uncompetitive, which was a problem once the capital inflows stopped. The result was slumps in the periphery, which lost a lot of internal demand but remained weak on the external side thanks to the loss of competitiveness. The problem was greatly exacerbated when the combination of slumping revenues and the prospect of protracted economic weakness led to large budget deficits. There was panic in the bond market and the EU core demanded harsh austerity programs. Austerity led to much deeper slumps in the periphery and without expansion in the core, the result was in fact a slump for the EU economy as a whole. Labor market rigidities, weak business environment and structure of domestic production make competition recovery sluggish (Felipe, Kumar, 2011). Labor and product market reforms increase the mobility of production factors improving their allocation in the economy. Financial market reforms boost competiveness as a consequence of higher competition and further integration in EU. The main goal of the project is to show that reforms in these areas are needed to facilitate wage adjustment and improve the business environment (Orszaghova et. al, 2013). The project takes into account that external competitiveness can be explained as an expression of high ?rm-level productivity. Projects goals will be achieved through implementation of appropriate econometrics techniques. This project can help to improve external competitiveness and overall economic activity in EU countries.

Akronim
ROSPEC

Šifra projekta
IP-2014-09-5476

Poziv
2014-09

Financijer
HRZZ - Hrvatska zaklada za znanost

Detalji financiranja
 IP - Istraživački projekti

Ukupan iznos financiranja projekta
271.000,00 HRK

Trajanje projekta
2015-05-01 - 2019-01-05

Ustanova - uloga
Ekonomski fakultet, Zagreb - (271.000,00 HRK)

Osoba - Ustanova - uloga [pocetak - zavrsetak]
Boris Cota (MBZ: 171840, CROSBI: 13768) - nema - Voditelj projekta [2015-05-01 - 2019-01-05]