Implicit Regulatory Barriers in the EU Single Market: New Empirical Evidence from Gravity Models
Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this ana...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2015
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1181 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this analysis mainly focuses on the role of product market regulation stringency and heterogeneity, and on the role of employment protection. The Single Market has a large positive impact on trade. A broad reform package that would align Product Market Regulation (PMR) indicators to the average of the top half of the best performers and would cut regulatory heterogeneity by one fifth could increase trade intensity within the EU by more than 10%. This analysis also makes use of subcomponents of the PMR indicator (by field of regulation) and the OECD Energy, Transport and Communications Regulation (ETCR) indicator (by sector) to focus on elements on the regulatory issues that matter most for trade. In particular, the stringency of airline and telecom regulations has an adverse effect on trade intensity. Empirical findings on the impact of employment protection legislation on trade intensity are somewhat mixed. This Working Paper relates to the 2014 OECD Economic Survey of the European Union (www.oecd.org/eco/surveys/economic-survey-european-union.htm). |
| Beschreibung: | 1 Online-Ressource (28 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5js7xj0xckf6-en |
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| spelling | Fournier, Jean-Marc VerfasserIn aut Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models Jean-Marc, Fournier ... [et al] = Barrières réglementaires implicites dans le marché unique de l'UE : Nouveaux résultats de modèles de gravité / Jean-Marc, Fournier ... [et al] Barrières réglementaires implicites dans le marché unique de l'UE Paris OECD Publishing 2015 1 Online-Ressource (28 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1181 Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this analysis mainly focuses on the role of product market regulation stringency and heterogeneity, and on the role of employment protection. The Single Market has a large positive impact on trade. A broad reform package that would align Product Market Regulation (PMR) indicators to the average of the top half of the best performers and would cut regulatory heterogeneity by one fifth could increase trade intensity within the EU by more than 10%. This analysis also makes use of subcomponents of the PMR indicator (by field of regulation) and the OECD Energy, Transport and Communications Regulation (ETCR) indicator (by sector) to focus on elements on the regulatory issues that matter most for trade. In particular, the stringency of airline and telecom regulations has an adverse effect on trade intensity. Empirical findings on the impact of employment protection legislation on trade intensity are somewhat mixed. This Working Paper relates to the 2014 OECD Economic Survey of the European Union (www.oecd.org/eco/surveys/economic-survey-european-union.htm). Economics Trade Domps, Aurore MitwirkendeR ctb Gorin, Yaëlle MitwirkendeR ctb Guillet, Xavier MitwirkendeR ctb Morchoisne, Délia MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5js7xj0xckf6-en Volltext |
| spellingShingle | Fournier, Jean-Marc Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models Economics Trade |
| title | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models |
| title_alt | Barrières réglementaires implicites dans le marché unique de l'UE |
| title_auth | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models |
| title_exact_search | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models |
| title_full | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models Jean-Marc, Fournier ... [et al] = Barrières réglementaires implicites dans le marché unique de l'UE : Nouveaux résultats de modèles de gravité / Jean-Marc, Fournier ... [et al] |
| title_fullStr | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models Jean-Marc, Fournier ... [et al] = Barrières réglementaires implicites dans le marché unique de l'UE : Nouveaux résultats de modèles de gravité / Jean-Marc, Fournier ... [et al] |
| title_full_unstemmed | Implicit Regulatory Barriers in the EU Single Market New Empirical Evidence from Gravity Models Jean-Marc, Fournier ... [et al] = Barrières réglementaires implicites dans le marché unique de l'UE : Nouveaux résultats de modèles de gravité / Jean-Marc, Fournier ... [et al] |
| title_short | Implicit Regulatory Barriers in the EU Single Market |
| title_sort | implicit regulatory barriers in the eu single market new empirical evidence from gravity models |
| title_sub | New Empirical Evidence from Gravity Models |
| topic | Economics Trade |
| topic_facet | Economics Trade |
| url | https://doi.org/10.1787/5js7xj0xckf6-en |
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