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Constructing a European MarketStandards, Regulation, and Governance$
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Michelle Egan

Print publication date: 2001

Print ISBN-13: 9780199244058

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199244057.001.0001

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Removing Barriers to Trade: Empirical Evidence

Removing Barriers to Trade: Empirical Evidence

(p.40) 3 Removing Barriers to Trade: Empirical Evidence
Constructing a European Market

Michelle P. Egan (Contributor Webpage)

Oxford University Press

Focuses on the costs of market fragmentation in Europe. It reviews the economic impact of removing barriers to trade as a result of divergent national standards, testing, and certification requirements. Ranked by business as the most important barrier to trade, these domestic regulations can prevent firms from engaging in cross‐border competition and hinder market access. Like other forms of trade protection, such non‐tariff barriers impact the importing country through higher domestic prices, higher cost margins and productive inefficiencies. This chapter also highlights the impact of trade barriers on firm strategies, and provides some empirical evidence of the benefits expected to accrue from market integration.

Keywords:   certification, domestic regulations, market access, market fragmentation, market integration, non‐tariff barriers, standards, testing, trade barriers, trade protection

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