This paper investigates the consequences of the completion of the internal market in the EC using a computable general equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade barriers and the changes in production and trade...

The paper compares the cyclical behaviour of the Greek economy to that of the other EC economies, using quarterly and annual data since 1960 and the Real Business Cycle model as a theoretical framework. The evidence suggests that there are remarkable similarities in these features despite...

This paper investigates the determinants of trends in Spain's industrial exports to other Community countries by using a sectoral panel data approach. Apart from overcoming the bias likely to arise from aggregate trade equations, this procedure is useful in detecting the existence of individual...

Beyond `1992' the EFTA countries face the choice between a permanent European Economic Area (EEA) accord, and seeking full membership of the European Community. The paper analyses this choice, focusing on the Nordic EFTA countries.

This paper analyses the pattern of state aids to the manufacturing sector in ten EC countries for the period 1981--90. It focuses on determinants suggested by the political economy of state aids. We estimate a regression model where the intensity of state aids is accounted for by the weakness of...

This paper assesses convergence in output per head across regions in the European Community (EC), for the period 1975<196>90. We use three alternative methodologies to measure convergence, which yield consistent results. We observe that there are strong differences in the pattern of convergence...</196>

Economic integration and free factor mobility may be expected to enhance the growth performance of a united Europe. Simple models of integration among independent, endogenously-growing economic entities suggest that factor mobility may deepen rather than reduce regional differences in economic...

This paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with...