National borders are still strong barriers for mergers and acquisitions inEurope. We estimate a gravity equation model based on NUTS 2-regionsand find that the restraining impact of national borders decreased byabout a third between 1990 and 2007. However, there has been nosignificant change...

If today a country is incorporated in the EU this means that there are a lot of advantages, you can stayin your country and keep your job, you can speak your language and Europe comes to you, you do nothave to leave your home to improve your living conditions. But Europe has embraced...