Market Integration, Scale Economies and Labor Market Imperfection in an Applied General Equilibrium Model

Emmanuel Petit ()

Annals of Economics and Statistics, 1997, issue 47, 197-226

Abstract: This paper provides general-equilibrium estimates of the welfare gains and unemployment changes that may be expected from the single European market. The investigation uses a multicountry, multisector applied model with imperfection. The analysis is performed assuming three alternative wage determination mechanisms (flexible wages, wage indexation and efficiency-wage model). Labor market imperfection allows for the existence of involuntary unemployment rate. The main contribution in the paper is that economic integration could imply deterioration in employment in Europe.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1997:i:47:p:197-226

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