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Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a 'public good' through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits. This particular study uses an econometric model to estimate the potential benefits of removing existing barriers to foreign direct investment and non-tariff trade barriers within the European Union. The removal of existing trade barriers could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects will vary by Member State, and by sector of the internal market.

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Table of Contents

  • Chapter One

    Introduction

  • Chapter Two

    Current state of play of the internal market

  • Chapter Three

    A quantitative estimation of the untapped economic potential

  • Chapter Four

    The untapped potential at sector level: two case studies

  • Chapter Five

    Conclusions and discussion

  • Appendix A

    Countries included in the econometric analysis

  • Appendix B

    Econometric results Gravity Model

  • Appendix C

    Classification of Medical Devices

  • Appendix D

    Imputation Missing Country Values OECD PMR Indicator

Research conducted by

The research described in this report was conducted by RAND Europe.

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