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Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this...
Persistent link: https://www.econbiz.de/10012449777
integration between the European Union and developing countries by removing barriers to trade: trade preferences and trade …
Persistent link: https://www.econbiz.de/10009538012
fields – the EC has to overcome many obstacles yet to make this happen. Based on different EU integration indexes, it is … shown that internal market integration has developed since the introduction of the euro. At the same time, the internal …
Persistent link: https://www.econbiz.de/10009680464
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility. Further development of the Single Market and removing barriers to external trade would bring substantial...
Persistent link: https://www.econbiz.de/10010464954
While the single market has largely been achieved for the EU market for goods, the services sector has lagged behind. This has resulted in sluggish activity, low productivity growth, high prices, that show a wide dispersion and relatively high inflation in this sector. Both the OECD product...
Persistent link: https://www.econbiz.de/10012443872
integration in the EU goods and financial markets is typically more advanced than among the other OECD countries. On the other … hand, integration in Europe remains significantly lower than that observed between regions within countries. The empirical …
Persistent link: https://www.econbiz.de/10012444065
Although there is no single yardstick to gauge the degree of integration, there is ample evidence that financial … integration is satisfactory. While there has been a push towards integration from the centre, global developments, such as …, while national policies often acted as an impediment. The integration of financial markets finally became a policy priority …
Persistent link: https://www.econbiz.de/10012446663
This paper quantifies the sectoral trade impact in the United Kingdom and in EU countries of the UK’s exit from the Single Market, using the OECD general-equilibrium METRO model. A comprehensive free-trade agreement could lead to a fall by about 6.1% of UK exports and 7.8% of UK imports in the...
Persistent link: https://www.econbiz.de/10012420943
The EU Single Market remains far from completed: progress in goods and services market integration has stalled …
Persistent link: https://www.econbiz.de/10011577839
Persistent link: https://www.econbiz.de/10012159497