Market Power, Multinationality and Intra‐Eu Industry Exports in the 90s

In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 51, Heft 5, S. 626-640

Abstract

AbstractThis 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 waspolarisedin terms of a relative disintegration of southern Europe.