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Policy Cycle, PUBLICATIONS

Mapping the Cost of Non-Europe, 2014 -19: Third edition (April 2015)

Written by Joseph Dunne

On 13 April 2015, the European Parliamentary Research Service published the third edition of its study ‘Mapping the Cost of Non-Europe, 2014-19, previously published in March and July 2014.

The analysis in the study builds, in large part, on a series of more detailed pieces of work undertaken for individual European Parliamentary Committees by the European Added Value Unit over the last two and a half years, in the form of European Added Value Assessments (on legislative initiatives proposed by the Parliament) and Cost of Non-Europe Reports in specific policy sectors.

The potential gains mentioned in the study represent the total increase in annual EU GDP after a full phasing-in of proposed reforms over several years. In other words, they represent a permanent shift in EU GDP to a higher level. The study concludes that if the policies analysed and actions recommended were to be pursued effectively, the economic benefit could build up annually to almost €1.6 trillion – or about 12% of EU-28 GDP (2014). It should be noted that when an underlying study offers a range of potential gains, the low-range value is usually selected. The study thus errs on the side of caution in estimating potential gains – there is substantial upside potential to the estimate over the medium to long term, from dynamic effects that cannot easily be quantified.

Since the second edition, a series of new studies provide more insight and precision regarding potential gains, namely:

  • Single markets – Cecchini revisited (chapter 2)
  • Single European Transport and Tourism areas (chapter 4)
  • Banking union and banking regulation to avert a new financial crisis (chapter 7)
  • Improved coordination of fiscal policies (chapter 8)
  • Common deposit guarantee scheme (chapter 9)

Read the study ‘Mapping the Cost of Non-Europe, 2014-19.

A more in-depth view of the arguments can be perused in one of the supporting studies:

 

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About EAVA

The European Parliament's European Added Value Unit provides European Added Value Assessments and Cost of Non-Europe Reports which analyze policy areas where common action at EU level is absent but could bring greater efficiency and a public good for European citizens.

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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