01973nam a2200289 a 4500 1/51309 051123s2005 lu u pdd 0 0gre 92-894-8861-1 1016-8060 (print) 1725-3187 (online) ECFIN/000573/05-EN 33190 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Cincera, Michele 1968- Impact of market entry and exit on EU productivity and growth performance / Cincera Michele, Galgau Olivia. Brussels ; Belgium : European Commission: Directorate-General for Economic and Financial Affairs, 2005. 122 σ. ; 30 εκ. The European Union and its Member States have been engaged in product market reforms over a long period with notable reforms including the Single Market Program and the Lisbon Agenda launched in March 2000. Product market reforms are seen as exerting both a direct and an indirect impact on productivity, however, the net effects of the direct effect were found to be small. This study concentrates on the impact of product market reforms on firm entry and exit that can itself be decomposed into two effects: •internal restructuring which refers to productivity growth of individual firms present in the industry and external restructuring whereby the process of market selection leads to a •reallocation of resources among individual firms. The change in firm entry and exit will in turn affect macroeconomic performance. Economic Papers Galgau, Olivia. European Commission : Directorate-General for Economic and Financial Affairs. Economic papers February 2005, No 222. European Economy. Economic papers ; 222. INST UNIPILB KET 20090311 EEEP 222 EEEP 222 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary722_en.htm