This report offers an extensive analysis of the effects of the EU Single Market. It sheds light on four interrelated aspects: It first reveals the asymmetric economic performance across member countries, which also mirrors structural differences. These differences in economic outcomes are next confronted with measures of the Single Market, economic institutions, changes in demand patterns, industrial turbulence and producer price developments. Next, the changes in value chains are tracked over time, and also put into a global perspective. Eventually, firm level evidence complements the findings. The results are highly relevant for economic policies at the member country and the EU level.
Keywords: Europe, EU, Single Market, integration, value chains, linkages, WIOD, tradable, nontradable, productivity, growth, productivity
Friesenbichler, Klaus and Glocker, Christian and Hölzl, Werner and Kaniovski, Serguei and Kuegler, Agnes and Reinstaller, Andreas and Streicher, Gerhard and Stehrer, Robert and Stöllinger, Roman and Leitner, Sandra and Hanzl-WeiB, Doris and Reiter, Oliver and Adarov, Amat and Bykova, Alexandra and Siedschlag, Iulia and Di Ubaldo, Mattia and Studnicka, Zuzanna, Drivers and Obstacles to Competitiveness in the EU: The Role of Value Chains and the Single Market (July 21, 2017). Available at SSRN: https://ssrn.com/abstract=3351216 or http://dx.doi.org/10.2139/ssrn.3351216
European Economics: Macroeconomics & Monetary Economics eJournal
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Marco Da Rin at Tilburg University, Department of Finance, Francesco Giavazzi at University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)National Bureau of Economic Research (NBER)
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