Baldwin, Richard; Forslid, Rikard; Haaland, Jan I. - C.E.P.R. Discussion Papers - 1995
steady-state capital stock drops by two-thirds of a percent) when the EU's liberalization (EU92) involves market integration …This paper studies the investment creation and investment diversion effects of the EU's Single Market programme (EU92 …). We find suggestive, but not conclusive, evidence indicating that EU92 may have led to investment diversion in the …