dc.date.accessioned | 2022-11-07T16:33:27Z | |
dc.date.available | 2024-06-16T22:45:50Z | |
dc.date.created | 2022-10-11T12:36:37Z | |
dc.date.issued | 2022 | |
dc.identifier.citation | Heiland, Inga Felbermayr, Gabriel Groeschl, Jasmin . Complex Europe: Quantifying the Cost of Disintegration. Journal of International Economics. 2022 | |
dc.identifier.uri | http://hdl.handle.net/10852/97511 | |
dc.description.abstract | We propose novel estimates of the economic consequences of undoing European goods and services markets integration. Using a quantitative multi-country, multi-sector trade model, we disentangle two important layers of complexity: First, European integration is governed by various, partly overlapping arrangements — the Customs Union, the Single Market, the Common Currency, the Schengen Area, free trade agreements — and fiscal transfers, all of which affect production, trade, and income differently. Second, decades of integration have led to dense cross-border input–output (IO) networks, which endogenously adjust to trade cost shocks. Based on our preferred gravity estimates, we find disintegration to trigger statistically significant welfare losses of up to 23%. In a conservative specification, effects are about half the size. Robustly, the Single Market dominates quantitatively, but the losses from dissolving the Schengen Area are substantial, too. Compared to a model variant without IO linkages, our complex model predicts significantly larger aggregate losses. | |
dc.language | EN | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.title | Complex Europe: Quantifying the Cost of Disintegration | |
dc.title.alternative | ENEngelskEnglishComplex Europe: Quantifying the Cost of Disintegration | |
dc.type | Journal article | |
dc.creator.author | Heiland, Inga | |
dc.creator.author | Felbermayr, Gabriel | |
dc.creator.author | Groeschl, Jasmin | |
cristin.unitcode | 185,17,6,0 | |
cristin.unitname | Økonomisk institutt | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 2 | |
dc.identifier.cristin | 2060437 | |
dc.identifier.bibliographiccitation | info:ofi/fmt:kev:mtx:ctx&ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Journal of International Economics&rft.volume=&rft.spage=&rft.date=2022 | |
dc.identifier.jtitle | Journal of International Economics | |
dc.identifier.volume | 138 | |
dc.identifier.doi | https://doi.org/10.1016/j.jinteco.2022.103647 | |
dc.type.document | Tidsskriftartikkel | |
dc.type.peerreviewed | Peer reviewed | |
dc.source.issn | 0022-1996 | |
dc.type.version | AcceptedVersion | |
cristin.articleid | 103647 | |