Implicit Trade Costs and European Single Market Enlargement

Terence Edwards

Discussion Paper Series from Department of Economics, Loughborough University

Abstract: A major current issue in the economics of trade blocs is where the bloc is not just a customs union, but also incorporates substantial regulatory harmonisation or mutual recognition elements. The derivation of the costs of non-membership of such a bloc is not straightforward. In this paper I build on the assumption that observed trade pat- terns can be taken to reveal trading costs, and develop a model-consistent Dixit-Stiglitz general equilibrium-based calibration technique as an alternative to gravity methods previously used. I use the model to investigate numerically the likely trade e¤ects of the recent widening of the European Single Market to incorporate several Central and Eastern European Countries.

Keywords: Protection; General Equilibrium; European Union. (search for similar items in EconPapers)
JEL-codes: F12 F15 F17 (search for similar items in EconPapers)
Date: 2005-05, Revised 2005-05
New Economics Papers: this item is included in nep-eec and nep-int
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Citations: View citations in EconPapers (1)

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