EconPapers    
Economics at your fingertips  
 

The Cost of Non-Europe, Revisited

Thierry Mayer (), Vincent Vicard and Soledad Zignago ()

Sciences Po publications from Sciences Po

Abstract: In this paper we quantify the “Cost of Non-Europe”, i.e. the trade-related welfare gains each country member has reaped from the European Union. Thirty years after the terminology of Non-Europe was used to give estimates of the gains from further integration, we use modern versions of the gravity model to estimate the trade creation implied by the EU, and apply those to counterfactual exercises where for instance the EU returns to a “normal”, shallow-type regional agreement, or reverts to WTO rules. Those scenarios are envisioned with or without the exit of the United Kingdom from the EU (Brexit) happening, which points to interesting cross-country differences and potential cascade effects in doing and undoing of trade agreements.

Keywords: Trade Integration; Gravity; European Union (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Published in Economic Policy, 2019, vol. Forthcoming

Downloads: (external link)
https://spire.sciencespo.fr/hdl:/2441/6o8sdn6fuv9m ... europe-revisited.pdf (application/pdf)
https://spire.sciencespo.fr/hdl:/2441/6o8sdn6fuv9m ... st-of-non-europe.pdf (application/pdf)

Related works:
Journal Article: The cost of non-Europe, revisited (2019) Downloads
Working Paper: The Cost of Non-Europe, Revisited (2018) Downloads
Working Paper: The Cost of Non-Europe, Revisited (2018) Downloads
Working Paper: The Cost of Non-Europe, Revisited (2018) Downloads
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:spo:wpmain:info:hdl:2441/6o8sdn6fuv9m1r3rt5verlv4b7

Access Statistics for this paper

More papers in Sciences Po publications from Sciences Po Contact information at EDIRC.
Bibliographic data for series maintained by Spire @ Sciences Po Library ().

 
Page updated 2020-10-14
Handle: RePEc:spo:wpmain:info:hdl:2441/6o8sdn6fuv9m1r3rt5verlv4b7