The Performance of the Single Market for Goods after 25 Years

201 Pages Posted: 12 Oct 2019

See all articles by Yvonne Wolfmayr

Yvonne Wolfmayr

Austrian Institute of Economic Research (WIFO)

Klaus Friesenbichler

Austrian Institute of Economic Research

Harald Oberhofer

Vienna University of Economics and Business - Department of Economics; Austrian Institute of Economic Research (WIFO)

Michael Pfaffermayr

University of Innsbruck - Department of Economics; Austrian Institute of Economic Research

Iulia Siedschlag

Economic and Social Research Institute Dublin; Trinity College Dublin - Department of Economics

Mattia Di Ubaldo

Economic and Social Research Institute (ESRI)

Manuel Tong Koeckling

Economic and Social Research Institute (ESRI)

Weijie Yang

Economic and Social Research Institute (ESRI)

Date Written: July 2019

Abstract

This report quantifies the trade effects of the European integration, but also highlights potentials from further integration in goods markets by addressing existing weaknesses in the implementation and enforcement of the Single Market rules in terms of goods trade, competition as well as productivity and ultimately welfare at the disaggregated level of individual industries and countries. The analysis follows the tradition of earlier studies with a focus on mechanisms and expected benefits of increased trade predicted by traditional (trade) theory (pro-competitive effects of market opening and efficiency gains through economies of scale and increased specialisation according to comparative advantages), but also provides an analysis of – so far less obvious – potential benefits stemming from improvements of institutional quality and its impact on comparative advantage and export specialisation and as a determinant of intra-EU production linkages via (intra-firm) vertical integration or cross-border outsourcing of inputs.

Keywords: Single Market, trade, market integration, productivity, institutions, linkages, EU accesssion

JEL Classification: F02, F14, F15, E02, O43

Suggested Citation

Wolfmayr, Yvonne and Friesenbichler, Klaus and Oberhofer, Harald and Pfaffermayr, Michael and Siedschlag, Iulia and Di Ubaldo, Mattia and Tong Koeckling, Manuel and Yang, Weijie, The Performance of the Single Market for Goods after 25 Years (July 2019). Available at SSRN: https://ssrn.com/abstract=3462650 or http://dx.doi.org/10.2139/ssrn.3462650

Yvonne Wolfmayr (Contact Author)

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Klaus Friesenbichler

Austrian Institute of Economic Research ( email )

P.O. Box 91
Wien, A-1103
Austria

Harald Oberhofer

Vienna University of Economics and Business - Department of Economics ( email )

Welthandelsplatz 1
A-1020 Vienna
Austria

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Michael Pfaffermayr

University of Innsbruck - Department of Economics ( email )

Universitaetsstrasse 15
A-6020, Innsbruck
Austria
+43 512 507 7359 (Phone)

HOME PAGE: http://homepage.uibk.ac.at/~c43236/

Austrian Institute of Economic Research ( email )

P.O. Box 91
Wien, A-1103
Austria
+43 1 798 26 01-253 (Phone)
+43 1 798 93 86 (Fax)

HOME PAGE: http://www.wifo.ac.at/Michael.Pfaffermayr/

Iulia Siedschlag

Economic and Social Research Institute Dublin ( email )

Whitaker Square
Sir John's Rogerson Quay
Dublin
Ireland

Trinity College Dublin - Department of Economics ( email )

Dublin
Ireland

Mattia Di Ubaldo

Economic and Social Research Institute (ESRI) ( email )

Whitaker square Sir john Rogerson's Quay
Dublin 2
Dublin
Ireland

Manuel Tong Koeckling

Economic and Social Research Institute (ESRI) ( email )

Whitaker square Sir john Rogerson's Quay
Dublin 2
Dublin
Ireland

Weijie Yang

Economic and Social Research Institute (ESRI) ( email )

Whitaker square Sir john Rogerson's Quay
Dublin 2
Dublin
Ireland

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