European Trade and Welfare after `1992'

L. Winters

No 678, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with imperfectly competitive industries. These suggest significant gains to integration. Other work surveyed suggests that in some industries, however, integration could be harmful, that taxing EC industry might be beneficial and that current estimates of `1992' might be based on seriously overestimated price elasticities.

Keywords: 1992; European Community; Integration; Single Market (search for similar items in EconPapers)
JEL-codes: F12 F13 F14 F15 F17 (search for similar items in EconPapers)
Date: 1992-06
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=678 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:678

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=678

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().