Single Market Economics Papers
Disclaimer: Views expressed in the Single Market Economics Papers are solely those of the authors and do not necessarily represent the official views of the European Commission.
Documents
- Report
- 15 July 2025
- Alessio Mitra
WP2025/44 - This paper explores the intersection of product complexity, economic relatedness, and macroeconomic determinants to identify industrial opportunities across European Union (EU) Member States.
- Report
- 27 May 2025
- Pau Durá, Paolo Pasimeni
The Economic Impact of the European Single Market
WP2025/43 - This paper presents a comprehensive view of the economic impact of the Single Market in the European Union (EU).
- Report
- 23 May 2025
- Lena Hornkohl, Dionysios Pelekis
WP2025/42 - This paper analyses the coinciding role that EU State aid law plays as a coordinating instrument for EU industrial policy in the internal market.
- Report
- 20 May 2025
- Yoto V Yotov, Lionel Fontagné
(Conference Paper) The Low-Hanging Fruit of the Single European Market: New Methods and Measures
WP2025/41 - This paper propose and construct novel measures of the effectiveness and potential of trade blocs, combining estimation with granular data and simulation with a New Quantitative Trade Model.
- Report
- 23 May 2025
- Oyun Adilbish, Diego Cerdeiro, Romain Duval, Gee Hee Hong, Luca Mazzone, Lorenzo Rotunno, Hasan Toprak, Maryam Vaziri
(Conference paper) Europe’s Productivity Weakness: Firm-Level Roots and Remedies
WP2025/40 - The paper analyses reveal that smaller markets and limited market-based financing are key bottlenecks for frontier European firms.
- Report
- 23 May 2025
- Serena Fatica, Tommaso Oliviero, Michela Rancan
WP2025/39 - The paper documents significant differences in the drivers of insolvency across firm size categories, based on a large sample of firms operating in the EU-27 between 2007 and 2018.
- Report
- 23 May 2025
- Philippe Pochet, Taube Van Melkebeke, Friederike Möller
(Conference paper) A modernised European single market for a new reality of economic security
WP2025/38 - This paper argues that the potential of the European single market in providing economic security within a dramatically changed context has been overlooked.
- Report
- 11 April 2025
- Robert Beyer, Calire Yi Li, Sebastian Weber
(Conference Paper) Economic Benefits from Deep Integration: 20 years after the 2004 EU Enlargement
This paper looks at economic benefits from deep integration in the context of EU enlargement.
- Report
- 11 April 2025
- Cinzia Alcidi
EU economic security: Confronting the dual challenge of China and the US
This paper indicates that achieving economic security in the EU requires a comprehensive approach.
- Report
- 2 April 2025
- Dirk Verwerft
This paper aims to understand and compare the macroeconomic effects of increasing wage subsidies for researchers in Belgium in different sectors.
- Report
- 2 April 2025
- Josefin Videnord
(Conference Paper) Global Supply Risks and Resilience Lessons from Swedish Firms
In this paper, an author evaluates various resilience strategies using data from 1,828 Swedish industrial companies from 2017 to 2023.
- Report
- 17 February 2025
- Anke Hassel, Sofía Gómez, Jannik Jansen, Kilian Weil
Navigating Emission-Intensive Sectors through the Green Transition
WP2025/31 - Transitioning towards a greener economy means profound changes in industries and employment. This paper examines the challenges of employment transitions with a focus on the geographical and social implications of structural shifts.
- Report
- 27 January 2025
- Filippo Bontadini, Valentina Meliciani
Selective Industrial Policy for the EU Open Strategic Autonomy: the Role of Products' Relatedness
WP2025/30 - This paper focuses on a selection of products where Europe has a dependence and on a set of products relevant for the twin transition and, based on the economic literature on capabilities, identifies which products are closest to countries’ productive capabilities.
- Report
- 16 December 2024
- Glenn Magerman, Alberto Palazzolo
WP2024/29 - This paper analyzes a policy toolbox encompassing trade, industrial, and public policies and their effects on the EU and its geographical regions.
- Report
- 13 December 2024
- Román Arjona, Cristina Herghelegiu, William Connell García
WP2024/28 - This paper investigates how the import relations of the European Union (EU) have recently shifted in an increasingly fragmented global trade environment.
- Report
- 5 September 2024
- Béatrice Dumont, Xosé-Luís Varela-Irimia
Supply chain stress tests for critical inputs: a proof-of-concept
WP2024/27 - This paper aims to develop a ‘proof of concept’ for testing the resilience of sectoral supply chain networks at firm level against an exogenous shock to critical inputs.
- Report
- 15 July 2024
- Matthias Weitzel, Rafael Garaffa, Camille Van der Vorst
Assessing the Impact of High Energy Prices on Tourism in the EU
WP2024/26 - This paper uses the computable general equilibrium model JRC-GEM-E3 to assess how energy price shocks affect the tourism industry in the EU.
- Report
- 19 June 2024
- Lionel Fontagné, Yoto V Yotov
Reassessing the Impact of the Single Market and Its Ability to Help Build Strategic Autonomy
WP2024/25 - The paper shows that the gains from European integration are substantial, albeit heterogeneous across Member States and sectors, and that the cost of strategic autonomy can be offset by deeper, but comparatively more modest, integration efforts within the European Single Market.
- Report
- 29 May 2024
- Aliénor Cameron, Maria Garrone
WP2024/24 - The EU Emission Trading Scheme (ETS) is at the core of the bloc's industrial decarbonization efforts. This paper explores whether there is a causal relationship between industrial firms’ emission intensity and their economic and financial performance.
- Report
- 21 May 2024
- Rachel M Hayes, Roger Silvers
(Conference Paper) Institutional Mobility in Global Capital Markets
WP2024/23 - This paper focuses on how fragmented regulatory authority exposes foreign investors to expropriation and information risks.
- Report
- 27 March 2024
- Nicholas F. Jacobs, Craig Parsons, Martin Moland
WP2024/22 - This paper addresses these challenges to investigate the citizen-level elements of accountability in the European Single Market.
- Report
- 5 March 2024
- Eleonora Cavallaro, Ilaria Villani
(Conference Paper) Financial Asymmetries, Risk Sharing and Growth in The EU
WP2024/21 - This paper focuses on the structural features of financial systems and builds an index to benchmark EU financial systems against their potential to enhance resilient growth and international risk sharing.
- Report
- 28 February 2024
- Loick Dubois, Jean-Guillaume Sahuc, Gauthier Vermandel
(Conference Paper) A General Equilibrium Approach to Carbon Permit Banking
WP2024/20 - This paper studies the general equilibrium effects of carbon permit banking during the transition to a climate-neutral economy by 2050.
- Report
- 26 February 2024
- Alessia Campolmi, Harald Fadinger, Chiara Forlati, Sabine Stillger, Ulrich J. Wagner
WP2024/19 - This paper proposes an alternative policy to the EU’s Carbon Border Adjustment Mechanism (CBAM): the Leakage Border Adjustment Mechanism (LBAM).
- Report
- 22 February 2024
- Mario Holzner
Catalytic Industrial Policy – in concordia varietas
WP2024/17 - This essay suggests that there is a need for a Catalytic Industrial Policy (CIP) aimed at maximising positive outcomes on three axes at the same time – the green, the digital and the social – in order to speed up their realisation.
- Report
- 20 February 2024
- Mariam Camarero, Cecilio Tamarit, Sergi Moliner
(Conference Paper) A Fresh Assessment of the Depth of the 'Euro Effect' on US FDI
WP2024/18 - This paper analyzes how European monetary integration has affected US outward FDI (OFDI), which we call the 'euro effect'.
- Report
- 17 January 2024
- Frank Vandermeeren
Understanding EU-China exposure
This paper highlights different angles of EU-China exposure across trade, investment and technology.
- Report
- 30 November 2023
- Cristina Herghelegiu, Fernando Martin
Is the European Union providing a regulatory model for other countries?
WP2023/15 - We examine whether the European Union (EU) is providing a model for other countries for product requirements aimed at protecting health, safety, and the environment.
- Report
- 18 July 2023
- Andrés Rodríguez-Pose, Federico Bartalucci
Regional vulnerability to the green transition
WP2023/16 - This paper presents an analytical framework for identifying and assessing the regional impacts of the green transition.
- Report
- 18 April 2023
- Román Arjona, William Connell García, Cristina Herghelegiu
An enhanced methodology to monitor the EU’s strategic dependencies and vulnerabilities
WP2023/14 - This article develops an enhanced bottom-up and data-driven methodology to detect EU strategic dependencies using highly disaggregated product-level trade data.
- Report
- 22 December 2022
- Beata Javorcik, Benjamin Kett, Katherine Stapleton, Layla O'Kane
(Conference Paper) Unravelling deep integration: Local labour market effects of the Brexit vote
WP2022/13 - This paper studies the impact of the threat of trade barriers caused by the Brexit referendum on labour markets.
- Report
- 22 December 2022
- Rebecca Freeman, Kalina Manova, Thomas Prayer, Thomas Sampson
(Conference Paper) UK Trade in the Wake of Brexit
WP2022/12 - This paper studies the impact of Brexit on the UK’s trade with the EU, relative to its trade with the rest of the world.
- Report
- 22 December 2022
- Teresa Messner, Fabio Rumler, Georg Strasser
(Conference Paper) Cross-country price and inflation dispersion: Retail network or national border
WP2022/11 - (Why) do prices and inflation rates differ within the euro area? This paper studies the relevance of a national border between Austria and Germany for grocery prices, and finds large assortment and price differences between these two regions.
- Report
- 22 December 2022
- Mariam Camarero, Antonia López-Villavicencio, Cecilio Tamarit
WP2022/10 - This paper estimates the impact of participation in Global Value Chains (GVCs) on unemployment. It shows that a higher participation reduces the unemployment rate in less advanced EU economies, while it increases it in core countries.
- Report
- 22 December 2022
- Tommaso Bighelli, Matthias Mertens, Filippo Di Mauro, Marc J. Melitz
(Conference Paper) European firm concentration and aggregate productivity
WP2022/09 - This paper derives a European Herfindahl–Hirschman concentration index from 15 micro-aggregated country datasets. It finds that changes in concentration in Europe are positively associated with changes in productivity and allocative efficiency.
- Report
- 22 December 2022
- Tommaso Crescioli, Angelo Martelli
(Conference Paper) Beyond the Great Reversal: Superstars, Unions, and the Euro
WP2022/08 - Has the Euro created a more competitive market? Using a staggered difference-in-differences design, this paper finds that the Euro has increased firm-level market power between 23% and 30%, after its adoption.
- Report
- 22 December 2022
- Craig Parsons, Andy Smith
(Conference Paper) The 'completeness' of the EU single market in comparison to the United States
WP2022/07 - Thirty years after the 1992 deadline for 'completing' the European single market, how can we judge Europe’s progress toward that goal? How should we estimate prospective gains from further steps?
- Report
- 22 December 2022
- Javier Barbero, Manol Bengyuzov, Martin Christensen, Andrea Conte, Simone Salotti, Aleksei Trofimov
WP2022/06 - This study uses both econometric and modelling techniques to quantify the macroeconomic impact of regulatory reforms removing barriers in the European Single Market for services that have taken place in the European Union between 2006 and 2017.
- Report
- 22 December 2022
- Frank Vandermeeren
30 years of single market – taking stock and looking ahead
WP2022/05 - This note provides an analytical contribution on the state of the single market 30 years after its establishment and the role of the single market as driver of EU resilience. It assesses developments in goods and services integration.
- Report
- 22 December 2022
- Francesco Di Comite, Paolo Pasimeni
WP2022/04 - This paper analyses the economic implications for the European Union (EU) of the Russian invasion of Ukraine, and of the following developments.
- Report
- 22 September 2022
- Afonso Amaral, William Connell García, Francesco Di Comite, Cristina Herghelegiu
'SCAN' (Supply Chain Alert Notification) monitoring system
WP2022/03 - This paper proposes an indicator-based mechanism to monitor the evolution of supply chains in the EU and identify their distress.
- Report
- 22 September 2022
- Paolo Pasimeni
Supply, or Demand, that is the Question: Decomposing Euro Area Inflation
WP2022/02 - This paper presents a decomposition of producer prices inflation between supply and demand factors. It finds that 80% of the current price pressure is due to supply shortages and only 20% to demand expansion.
- Report
- 7 March 2022
- Florence Benoit, William Connell García, Cristina Herghelegiu, Paolo Pasimeni
Detecting and Analysing Supply Chain Disruption
WP 2022/01 - This first issue of the Directorate-General for Internal Market's Single Market Economic Papers series presents a methodology to detect and analyse supply chain disruptions.