Increased Competition and Completion of the Market in the European Union: Static and Steady State Effects

Glenn Harrison, Thomas F. Rutherford and David Tarr

Chapter 15 in Applied Trade Policy Modeling in 16 Countries:Insights and Impacts from World Bank CGE Based Projects, 2014, pp 361-394 from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: International Trade Policy; Developing Countries; Computable General Equilibrium; World Bank; Regional Trade Policy; Services Liberalization; Foreign Direct Investment; Trade and Poverty (search for similar items in EconPapers)
Date: 2014
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