Denmark: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 241

Publication date: August 2004

ISBN: 9781451811094

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , ISCR , CR , euro , markup , market , product market , euro area markup , area goods , markups in goods market , product market regulation , reform in the service sector , Euro area block , area reform , Goods market reform , area markup , area goods market reform in the service sector , market reform in the service sector , goods market competition , Labor markets , Labor market reforms , Real wages , Structural reforms , Global , Europe

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Summary

This Selected Issues paper on Denmark underlies estimates of inefficiencies in the goods and labor markets. The IMF’s new macroeconomic model, the global economic model (GEM), has been used to provide estimates of the impact of successfully implementing the European Council’s ambitious Lisbon reform agenda. GEM incorporates markups in the goods and labor markets that are summary measures of the net impact of all the regulatory structures in an economy. The euro area goods market reform in the service sector is twice that required in Denmark, the euro area must also increase competition in manufacturing.