The gains from partial completion of the single market

Abstract

F12, F15, D58,

The EU and ASEAN: Real Integration and Lessons in Financial Cooperation

“…While it would be difficult to assess ex post exactly how much the SMP affected economic growth in the EC from the late 1980s to the mid-1990s (when the vast majority of the directives were in place), it is clear that economic growth was not strong in the EC over this period, at least relative to the United States. Hoffman (2000), for example, in an ex post study finds that GDP was only 0.84 per cent higher due to the (not entirely complete) implementation of SMP directives. If, indeed, the growth effects were overestimated by Cecchini (1988) and others, did the SMP still have the expected positive effects on non-partners?…”

Poland's Membership in the European Union: An Analysis with a Dynamic Computable General Equilibrium (CGE) Model

“…This feature has not been implemented in this model, but this could be done following similar approaches by Harrison et al (1996) and Hoffmann (1998) for the question of the completion of the Single Market, or Van Nieuwkoop and Müller (1999) for the question of Swiss Membership in the EU.…”

“…for statistical purposes) can be completed in the European headquarters. The 1.7 percent border cost of the total amount traded has been recently used to derive the gains for the present EU member states from the Single Market with CGE analysis (Hoffmann, 1998) and can be employed to assess the benefits for acceding countries.…”

“…Harrison et al (1996) estimate that the reduction in the real trade costs from decreases in border costs and standardization costs sum up to 2.5 percent of the value traded. Based on this estimate Hoffmann (1998) …”