firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …

selection of the most efficient firms. The model is estimated on E.U. data and simulated in counterfactual scenarios that … presence of selection effects. Even in a relatively integrated economy as the E.U., dismantling residual trade barriers would …