The economic costs of non-Lisbon. A survey of the literature on the economic impact of Lisbon-type reforms

This survey of empirical evidence shows that the type of measures envisaged in the Lisbon strategy would raise the European Union's potential growth rate by 0.5-0.75 percentage points, bringing it closer to the 3% objective. Over a 10-year period, this would imply an increase in the GDP level of up to 7-8 % thereby helping deliver on the employment targets agreed at the European Council in March 2000.