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GTAP Resources: Resource Display

GTAP Resource #1918

"The Economic Benefits of an Integrated European Market for Services"
by Lejour, Arjan, Henk, L.M. Kox and Roland De Bruijn


Abstract
The proposed Services Directive by the European Commission could increase intra European trade in commercial services by 30 to 60 percent. This paper analyses the welfare effects of the trade growth using an applied general equilibrium model WorldScan. It shows that GDP could be raised by 0.3 to 0.7 percent and consumption by 0.5 to 1.2 percent in the European Union as a whole. These results could only be realised if the Services Directive is implemented including the country of origin principle. If this principle is excluded from the directive, trade increases only by 20 to 40 percent. The trade-induced welfare effects are correspondingly lower. GDP could rise by 0.2 to 0.4 percent and consumption by 0.3 to 0.7 percent in the EU as a whole. The country-specific effects vary: most of the new Member States will experience larger gains than the average Member State because their services trade is now still hampered by relatively large regulatory barriers in these countries.

Key words: Services Directive, trade, internal market EU, country of origin principle

JEL code: F12, F15, L51, L8


Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Published
By/In: Journal of Policy Modelling, vol 30 p. 301-319
Date: 2008
Version:
Created: Lejour, A. (2/10/2006)
Updated: Lejour, A. (2/26/2008)
Visits: 1,438
- Trade in services
- Economic growth
- European Union


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