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Market Power, Multinationality and Intra‐Eu Industry Exports in the 90s
Author(s) -
Egger Peter
Publication year - 2004
Publication title -
scottish journal of political economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 46
eISSN - 1467-9485
pISSN - 0036-9292
DOI - 10.1111/j.0036-9292.2004.00324.x
Subject(s) - economics , international economics , international trade , market power , power (physics) , single market , economic integration , bilateral trade , european union , market economy , china , physics , quantum mechanics , monopoly , political science , law
This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration in goods trade in the 90s. An increase in the market concentration exhibits a positive impact on bilateral exports, while an increase in multinationality works in the opposite direction. Both effects are in accordance with the theoretical hypotheses. As a result, goods trade between the member countries was polarised in terms of a relative disintegration of southern Europe.