European integration and the functioning of product markets

Adriaan Dierx, Fabienne Ilzkovitz and Khalid Sekkat

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: Europe's achievements in economic integration have attracted worldwide interest and are seen as an example for other regions to follow. Ten years after the completion of the Single Market Programme, this book is able to utilise empirical data not available to previous studies, also building on research by reputed academic experts and staff at the European Commission. The book reveals that European product market integration has a significant impact on the conditions of competition, the strategies of companies and the structure of industry. It adds a quarter of a percentage to annual GDP growth rates and has not led to an increased exposure of the EU to asymmetric shocks. However, the book argues that further improvements in the functioning of European product markets are needed in order to improve the EU's growth performance over the next decade. © European Communities, 2004. All rights reserved.

Pages: 279 p.
Date: 2004
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