European Economic Experts Panel

The Clark Center for Global Markets explores economists’ views on vital policy issues via our US and European Economic Experts Panels. We regularly poll over 80 economists on a range of timely and relevant topics. Panelists not only have the opportunity to respond to a poll’s statements, but an opportunity to comment and provide additional resources, if they wish. The Clark Center then shares the results with the public in a straightforward and concise format.

Please note that from September 2022, the language in our polls will use just two modifiers to refer to the size of an effect:

  • ‘Substantial’: when an effect is large enough that it would make a difference that matters for the behavior involved.
  • ‘Measurable’: when the direction of the effect is clear, but perhaps experts would differ as to whether it is substantial.
Europe

Institutions and Prosperity

Question A:

The institutions of society - such as constitutions, laws, judiciaries, and property rights - substantially shape economic decisions, policies, and outcomes.

Question B:

On average and over the long term, democracies deliver substantially better economic growth than other forms of government.

Question C:

Countries where democracy and the rule of law are weakened are likely to experience measurable damage to their economic performance.

 
Europe

Constraints on Innovation in Europe

Question A:

Current enforcement of competition policy in Europe is not working to promote innovation and growth.

Question B:

European Union bureaucracy and regulations are a substantial constraint on innovation in Europe.

Question C:

The conduct of the dominant US tech companies in European markets (including lobbying and acquisition of start-ups and competitors) is a substantial constraint on innovation in Europe.

 
Europe

Corporate Social Responsibility

This European survey examines (a)  In pursuing social and environmental initiatives, the average public company generates more benefits than costs in terms of profits, (b) In pursuing social and environmental initiatives, public companies would benefit from a measurably lower cost of capital, (c) There are substantial social benefits when managers of public companies make choices that account for the impact of their decisions on customers, employees, and community members beyond the effects on shareholders 
Europe

Regulating AI

This European survey examines (a)  US antitrust investigations of the dominant firms in artificial intelligence are warranted by the need to foster competition and innovation in the technologies; b) Seeking to slow the pace of artificial intelligence use and implementation would be a more effective means of assessing potential harms from the technologies than market deployment and ex post assessment 
Europe

Tariffs on Chinese Electric Vehicles

This European survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers; (c) Unless the EU matches the proposed US tariffs on Chinese EVs, there would be measurably lower employment in Europe's automotive industry over the next five years 
Europe

Europe’s Single Market

This European survey examines (a) Greater integration of national markets for financial services, energy and telecommunications would give a measurable boost to Europe’s GDP over the next ten years; (b) The potential benefits for GDP from loosening European merger rules to allow greater consolidation within the single market would outweigh the potential harm to consumers from weaker competition

  
Europe

Capital Markets Union

This European survey examines (a) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would lead to a substantial shift in the balance of companies listing their shares in the EU vis-a-vis the US; (b) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would substantially increase the availability of funding for start-ups and growing companies across the EU 
Europe

Artificial Intelligence Act

This European survey examines: The European Union's AI Act was approved by the European Parliament in March 2024: https://artificialintelligenceact.eu/the-act/ (a) The EU's legislation to regulate artificial intelligence is likely to put European technology firms at a substantial disadvantage to their competitors elsewhere in the world; (b) By providing a clear set of rules, the EU's legislation on artificial intelligence is likely to enhance research and innovation by firms building the new technology 
Europe

A Quarter Century of the Euro

This European survey examines (a) Europe’s economic growth performance over the last 25 years has been measurably better than it would have been in the absence of the single currency; (b) With euro area member states having given up their ability to carry out independent monetary policy, it is substantially more difficult for them to respond effectively to country-specific macroeconomic disturbances 

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