The European Parliament’s European Added Value Unit recently published the third edition of the study “Mapping the Cost of Non-Europe, 2014-19”. The study, which was firstly published in March 2014, has already been updated twice in order to incorporate new materials and to take account of further researches.
The study aims to contribute to the on-going discussion about the European Union’s policy priorities over the current institutional cycle (from 2014 to 2019), by identifying and analysing the “cost of non-Europe” for various policy initiatives.
The main idea is that, in certain policy fields, the absence of European initiatives may cause an efficiency loss to EU economy or prevent realizing a potential gain. In other words, whereas European Added Value tries to assess the benefits of undertaking, the cost of non-Europe tries to assess the economic cost of non-undertaking.
The study is based on the work undertaken by the European Added Value Unit for individual European parliament committees, and namely on European Added Value Assessments on legislative initiative and on Cost on Non-Europe Reports in specific policy sectors. External researches by think tanks and academic bodies were equally taken into account.
The study assesses the potential gains in annual EU GDP after a full phasing-in of proposed reforms over several years, concluding that the implementation of policies and recommended actions could result in an annual growth to almost € 1.6 trillion (about 12% of EU-28 GDP 2014).