Market fragmentation and the rise of sub-national regulation
Carlos Llano-Verduras (),
Santiago Pérez-Balsalobre () and
Additional contact information
Carlos Llano-Verduras: Teoría Económica E Historia Económica, Universidad Autónoma de Madrid
Santiago Pérez-Balsalobre: Universidad Autónoma de Madrid
The Annals of Regional Science, 2021, vol. 67, issue 3, No 9, 765-797
Abstract The evaluation of the Single European Market requires a better knowledge of the level of integration both between and within the EU countries. While some institutions are pushing for greater integration between EU countries, others may be introducing—purposely or collaterally—additional barriers to interaction. Several reports have reported the high levels of market fragmentation prevailing within Spain. This paper aims to determine whether regional borders influenced the patterns of intra- and interregional trade between the 18 regions of Spain (Nuts 2) over a long period of time (1995–2017). While trade is more intense within regions than between them, our results suggest the presence of spatial and temporal heterogeneity in the estimated home bias. We also investigate empirically the effect that the quantity and quality of national, regional and local regulations have on the economic performance of firms, in both the industrial and the service sectors. We use different non-spatial and spatial-gravity models, which yield robust results.
JEL-codes: F14 F15 F17 L14 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s00168-021-01066-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:67:y:2021:i:3:d:10.1007_s00168-021-01066-x
Ordering information: This journal article can be ordered from
Access Statistics for this article
The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase
More articles in The Annals of Regional Science from Springer, Western Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().