This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration in goods trade in the 90ies. An increase in the market concentration exhibits a positive impact on bilateral exports, while an increase in multinationality works in the opposite...

Insufficiently flexible labour markets combined with high welfare costs are often thought to be the main cause of unsatisfactory growth in Europe. This paper uses the OECD data on regulation of the product and labour market to confirm the difference in the extent of regulation between US and...

As the EU economies and societies become increasingly integrated, and as labour market behaviour patterns converge across borders, the EU strives to develop a substantially common social identity. To this end, it seeks to promote the development of a sustainable institutional framework which...