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European Integration and the Functioning
of Product Markets |
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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.
Invaluably, the book provides not only current information about Europe's achievements
in economic integration but also methodology to assess the outcome of economic
integration in other regions of the World, such as NAFTA, MERCOSUR and ASEAN.
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1. Product Market Integration
in the EU: an Overview |
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| Part I -
Microeconomic Issues |
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2. The Impact
of a Single Currency in Europe on Product Markets: Theory and Evidence |
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3. Changes
in the Industrial and Geographical Diversification of Leading Firms in European
Manufacturing |
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4. Industrial
Concentration, Market Integration and Efficiency in the European Union |
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5.
The Location of European Industry |
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| Part II -
Macroeconomic Issues |
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6. Product
Market Reforms and Macroeconomic Performance in the European Union |
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7. The Sensitivity
of European Sectors to Exchange Rate Fluctuations |
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8. Product
Market Integration and EU Exposure to Euro/Dollar Fluctuations |
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European Communities,
2004 |
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