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• Alain de Serres
• Peter Hoeller

This paper first provides a brief overview of the literature on market segmentation and then presents an empirical exercise that sheds more light on the significance of border effects across European countries. The literature suggests that integration in the EU goods and financial markets is typically more advanced than among the other OECD countries. On the other hand, integration in Europe remains significantly lower than that observed between regions within countries. The empirical exercise is based on a set of comparable price data of tradeable goods collected just before the launch of the single currency. The paper finds that for a given distance, crossing national borders adds significantly to the price differential across European cities. However, this border effect is substantially smaller than the one found in previous estimates focusing on European and North American cities, which were based on the comparison of much broader price indices such as the consumer price index ...

Cette étude passe brièvement en revue la littérature traitant de la segmentation des marchés puis présente un exercice empirique qui examine la question de l’importance des effets frontière à travers les pays européens. Dans l’ensemble, les conclusions des diverses études portant sur la question semblent indiquer que l’intégration des marchés de biens et des marchés financiers européens est plus avancée qu’elle ne l’est généralement parmi les autres pays de l’OCDE. Par contre, l’intégration des marchés en Europe demeure sensiblement plus faible que celle observée entre les régions d’un même pays. L’exercice empirique présenté dans cette étude s’appuie sur un ensemble de données comparables de prix de biens échangeables recueillis dans un grand nombre de villes européennes à la veille du lancement de la monnaie unique. Les résultats obtenus mettent en évidence que pour une distance donnée, le fait de traverser les frontières nationales ajoute sensiblement à la différence de prix ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 304.

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Date of creation: 03 Aug 2001
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Handle: RePEc:oec:ecoaaa:304-en

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Keywords: European Union Union européenne economic integration border effect intégration économique effet frontière

Find related papers by JEL classification:
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
F14 - International Economics - - Trade - - - Country and Industry Studies of Trade
F15 - International Economics - - Trade - - - Economic Integration

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1. Salvador Gil-Pareja & Simón Sosvilla-Rivero, 2004. "Export market integration in the European Union," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 271-301, November. [Downloadable!]
   Other versions:
   • Salvador Gil-Pareja & Simón Sosvilla-Rivero, . "Export Market Integration in the European Union," Working Papers 2002-07, FEDEA. [Downloadable!]

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