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The competition effects of the Single Market in Europe

journal contribution
posted on 2023-06-07, 23:31 authored by Chris Allen, Michael GasiorekMichael Gasiorek, Alasdair Smith, Harry Flam, Peter Birch Sørensen
The reduction in trade barriers in Europe through the Single Market Programme (SMP) was intended to increase competition in European markets, and hence welfare and efficiency. The paper examines how the SMP has affected trade patterns and what can be learnt from this regarding the impact on competitive behaviour. Combining an econometric and computable general equilibrium methodology, it is argued that (1) the SMP has indeed had a strong impact on competitive behaviour; (2) the extent of the impact depends both on changes in the intensity of competition as well as on changes in the nature of competitive interaction; (3) while all economies experience potentially large welfare gains from the SMP, it is the smaller economies that experience the larger gains, but this in turn suggests that they experience a greater degree of restructuring.

History

Publication status

  • Published

Journal

Economic Policy

ISSN

02664658

Publisher

Economic Policy. Published by Blackwell Publishers

Issue

27

Volume

-

Page range

441-486

ISBN

0266-4658

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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    University of Sussex (Publications)

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