The Economics of 1992 : the E.C. Commission's assessment of the economic effects of completing the internal market / Michael Emerson ... [et al.]..

Contributor(s): Emerson, Michael | Commission of the European Communities.

Material type: materialTypeLabel

BookPublisher: Oxford [England] ; New York : Oxford University Press, 1988Description: xv, 304 p. : ill. ; 24 cm.ISBN: 0198772947 ; 0198286813 .Subject(s): European Economic Community

| Europe 1992

| Europe -- Economic integration

DDC classification: 337.142

Contents:

Part A - Summary and conclusions -- Part B - The European market, its barriers and methods of evaluation -- Part C - The effects of market barriers -- Part D - The effects of market integration -- Part E - Overall quantitative assessment.

Holdings
Item type	Current library	Call number	Copy number	Status	Barcode
General Lending	MTU Bishopstown Library Lending	337.142 (Browse shelf(Opens below))	1	Available	00027317
General Lending	MTU Bishopstown Library Store Item	337.142 (Browse shelf(Opens below))	1	Available	00027076
General Lending	MTU Bishopstown Library Lending	337.142 (Browse shelf(Opens below))	1	Available	00070850

Total holds: 0

Enhanced descriptions from Syndetics:

This is the most comprehensive evaluation yet available in book form of the likely implications of completing the internal market in 1992. It is based on a European Commission research project led by Mr. Paolo Cecchini which investigated in detail a number of industrial sectors and produced forecasts of the effect of eliminating all remaining barriers to the free movement of goods, services, capital and labour. Both micro and macro economic analysis are applied to estimate that the potential benefits to the E.C. could be as much as 4.5% to 7% of Gross Domestic Product.

Includes bibliographical references (pages 286-292) and index.

Reviews provided by Syndetics

CHOICE Review

Drawing on industrial organization, trade theory, and economic integration literature, Emerson and associates from the European Communities Commission provide a valuable analytic framework with which to evaluate the potential economic impact of a move to complete an internal EC market by 1992. They present in detail findings of an EC-commissioned study (Cechinni Report) that evaluates potential effects of this significant process now underway. The authors examine the impact of principal barriers (customs procedures, technical regulations, public procurement, and fiscal frontiers) on particular industry and services sectors, and assess expected gains from market integration via effects of market size, increased competition, and resulting business perceptions and strategies. In assessing potential gains from the internal-market program, they apply a microeconomic approach that expresses gains in terms of collective welfare, and a macroeconomic approach, using econometric macro-sectoral and macro-dynamic models, which translates the gains in terms of GDP growth, employment creation, reduced inflation, and changes in budgetary and external balances. The study concludes that considerable economic benefits will be realized under either approach. The authors acknowledge that quantitative estimates should be considered potential and conditional, depending critically on whether economic agents change their behavior and on the accompanying macro- and micro-policy environments. For upper-division and graduate collections. C. J. Siegman Federal Reserve Board

Author notes provided by Syndetics

MichaelEmersonDirector for the Economic Evaluation of Community Policies at the European Commission.