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This EPRS study looks at whether, and under what conditions, greater effectiveness could be achieved in overall public spending at all levels of the European Union through greater pooling of resources at European level. It suggests that added value can be realised in public spending, through efficiency gains and lower administrative costs, delivered by and through the EU budget, usually with corresponding savings to national budgets. The study provides a methodology for assessing the ‘waste rate’ ...

This study analyses the potential European Added Value of a measure requiring companies to carry out due diligence on social, environmental and governance risks in their own operations and supply chain. There is evidence of human rights violations and environmental negative impacts related to business activities. This measure could increase firm compliance to international principles of responsible business conduct, increase access to remedy for victims, improve legal certainty and create a level ...

Digital Services Act

Studie 01-10-2020

E-commerce is an essential part of the economy and of consumers shopping habits. It can support EU citizens in accessing services more easily and businesses reaching customers more targeted. The E-commerce Directive has been an important column of digital services. Still, there is need for amending the current regulation. This EAVA accompanies two European Parliament's own-initiative legislative reports by JURI and IMCO asking the Commission for legislative actions to implement a digital services ...

The rapid growth of digital finance and crypto-assets has raised questions about the appropriate regulatory perimeter and the ability of the existing regulatory architecture to adapt to changing conditions. In this study, we evaluate the impact in terms of benefits and in terms of risk reduction that the adoption of an EU legislative initiative on a framework for crypto-assets, on cyber-resilience and on a data strategy would bring.

Deforestation caused by agricultural activity is continuing at an alarming rate, threatening irreplaceable tropical forests that, among other things, are crucial for fighting climate change. The EU bears its share of responsibility for this environmental loss, as it is one of the major importers of several forest-risk commodities. To date, action has been taken at different levels to stop commodity-driven deforestation. Nevertheless, the impact on forest loss has been low as deforestation continues ...

Social enterprises combine societal goals with entrepreneurial spirit. These organisations focus on achieving wider social, environmental or community objectives. There is currently no specific European legal framework to help social enterprises to benefit from the internal market. Against this background, this European added value assessment identifies the challenges in the existing national legal frameworks regarding social enterprises. It argues that action at EU level would generate economic ...

Although macroeconomic effects of asset purchases are intensively discussed, the literature addressing “tapering” is rather thin. Using a broad definition of tapering the study considers three tapering scenarios within a Dynamic Stochastic Equilibrium Model: A reduction of net purchases in the expansionary stage, the announcements of an earlier exit, and a faster than expected exit. In all three cases the effects on long-term yields are positive and negative on output growth and inflation. Quantitatively ...

In advance of the decision of the European Central Bank (ECB), expected on 8 December 2016, regarding the Asset Purchase Programme (APP, often referred as Quantitative Easing – QE) this note provides an insight to possible policy options for the ECB. It also looks at the ECB’s options to address the scarcity of eligible assets; if not addressed, scarcity of eligible assets could put at risk the proper functioning of the APP.

A snapshot of industry in Europe

Briefing 14-11-2014

This document draws on the recently published study. How can European Industry contribute to growth and foster European competitiveness, aiming to complement it by presenting an overview of specific indicators that further illustrate the current situation of Europe’s industry.

Tourism in the EU economy

Briefing 07-07-2014

Tourism plays a major role in the EU and global economies. The impact of tourism in the world economy is estimated as 9% of world GDP, while in the EU it is the third-largest socio-economic sector and has generally remained robust throughout the financial crisis. This spotlight presents some background data on selected aspects of tourism in the EU economy.