
KCI등재
학술저널
Increased Competition and Completion of the Market in the European Union
Static and Steady State Effects
- Glenn W. Harrison Thomas F. Rutherford David G. Tarr
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제11권 제3호
- 등재여부 : KCI등재
- 1996.09
- 332 - 365 (34 pages)
We model the effects of completion of the internal market in the European Union on trade, production and market structure. The impetus for change comes from the removal of border costs, as well as increased competition from the greater ability of EU buyers to substitute among the products of different EU producers. In turn, this increased competition arises from the single market program on standards, government procurement, and dynamic learning effects. Removing the border costs results in relatively small welfare gains. Increased competition more than doubles the estimated benefits, and the steady state growth effect more than quadruples the welfare gains.