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Benefits of market integration: new #EconomicPolicy study revisits the ‘cost of non-Europe’, including after #Brexit - Thierry Mayer @sciencespo @SZignago @VVicard economic-policy.org/wp-content/upl…
The EU’s #SingleMarket has increased trade between members by 109% on average for goods & by 58% for tradable services; gains from integration are significantly larger for small open economies than for large EU members; Eastern Europe has been a major beneficiary, #EconomicPolicy
Beneficial effects of the EU are large & getting larger over time; EU is a vector of deep trade integration, going well beyond tariffs cuts; the trade impact of the Single Market is more than three times larger than the effects of a ‘regular’ regional agreement, #EconomicPolicy
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