Economics of 1992

The text of this volume represents an evaluation of the likely import of completing the internal market in 1992. It is based on a European Commission research project led by Mr Paolo Cecchini which investigated a number of industrial sectors and produced forecasts of the effect of eliminating all remaining barriers to the free movement of goods, services, capital and labour. Both micro and macro economic analysis are applied to estimate that the potential benefits to the Economic Community could be as much as 4.5% to 7% of Gross Domestic Product.Table of ContentPart 1 The European market, its barriers and methods of evaluation: dimensions and structure of the internal market; typology of market barriers and methods of evaluation. Part 2 The effects of market barriers: principal types of barriers - industrialists' perceptions of the main barriers, customs procedures, technical regulations, public procurement, fiscal frontiers; industry case-studies - food processing, pharmaceutical and automobile industries, textiles and clothing, building products, telecommunications equipment, particular market regimes - agriculture, steel and energy; services case-studies - financial and business services, road and air transport, telecommunications services. Part 3 The effects of market integration: integration and the effects of market size; integration and competition effects; business perceptions, strategies and accompanying policies; illustration of gains from market integration. Part 4 Overall quantitative assessment: microeconomic and macroeconomic approaches. Appendices: microeconomic and macroeconomic methodology; statistical tables.