Better Governance of the Single Market: European Added Value Assessment

15-01-2013

The present European Added Value Assessment highlights the benefits for EU citizens and businesses that would arise from a better and more effective application of Directives and Regulations and a deepening of the Single Market. It draws on available studies, impact assessments and evaluations in a limited number of sectors (services, digital economy and transport). The available information suggest that alone in the services sector and digital economy, policy action to improve the application of Directives and Regulations and deepen the Single Market could raise the level of long-term EU27 GDP by at least 3.8%. While similar quantitative information is not available for the other Directives (Professional Qualifications, Airport Charges and Electronic Toll) reviewed in the present note, the available information shows that a better application of existing Directives, and an update of these in some cases, would yield substantial benefits to EU citizens and businesses in terms of lower costs, higher incomes and greater opportunities.

The present European Added Value Assessment highlights the benefits for EU citizens and businesses that would arise from a better and more effective application of Directives and Regulations and a deepening of the Single Market. It draws on available studies, impact assessments and evaluations in a limited number of sectors (services, digital economy and transport). The available information suggest that alone in the services sector and digital economy, policy action to improve the application of Directives and Regulations and deepen the Single Market could raise the level of long-term EU27 GDP by at least 3.8%. While similar quantitative information is not available for the other Directives (Professional Qualifications, Airport Charges and Electronic Toll) reviewed in the present note, the available information shows that a better application of existing Directives, and an update of these in some cases, would yield substantial benefits to EU citizens and businesses in terms of lower costs, higher incomes and greater opportunities.

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Patrice Muller (Project Director), Shaan Devnani, Rohit Laher and Marguerita Lane (London Economics)