IDEAS home Printed from https://ideas.repec.org/p/ris/drxlwp/2024_007.html

Reassessing the impact of the Single Market and its ability to help build strategic autonomy

Author

Listed:
  • Lionel Fontagné

    (Bank of France & CEPII and PSE)

  • Yoto Yotov

    (Drexel University & ifo Institute)

Abstract

European integration, which culminated in the completion of the Single Market, the single currency and successive enlargements, is now faced with the question of strategic autonomy. Against this backdrop, the present paper has four objectives. First, it assesses the benefits of EU membership based on new, disaggregated trade and production data and using established and cutting-edge empirical methods. Second, it evaluates the costs of strategic autonomy -- implying not trading with “riskier” partners. Third, it asks whether further deepening of the Single market can alleviate these costs. 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.

Suggested Citation

  • Lionel Fontagné & Yoto Yotov, 2024. "Reassessing the impact of the Single Market and its ability to help build strategic autonomy," School of Economics Working Paper Series 2024-7, LeBow College of Business, Drexel University.
    • Handle: RePEc:ris:drxlwp:2024_007
    as

    Download full text from publisher

    File URL: https://drive.google.com/file/d/1mtKyV9iFSJ9ubWJyfyvxQFdGe1TIpdd2/view?usp=sharing
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arne J. Nagengast & Fernando Rios‐Avila & Yoto V. Yotov, 2026. "The European single market and intra‐EU trade: an assessment with heterogeneity‐robust difference‐in‐differences methods," Economica, London School of Economics and Political Science, vol. 93(369), pages 298-331, January.
    2. Stefani Stefanova & Sophie Bandarkar & Yoto Yotov, 2025. "A Reassessment of the Impact of the Organization for Economic Co-operation and Development on International Trade," Working Papers 202509, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
    3. Lionel Fontagne & Krasimir Shishmanov & Penka Shishmanova & Yoto Yotov, 2025. "Asymmetric Impacts of Economic Integration: The Case of the Single European Market," Working Papers 202533, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
    4. Lionel Fontagné & Yoto V Yotov, 2025. "The Low-Hanging Fruit of the Single European Market: New Methods and Measures," Working Papers hal-05048951, HAL.
    5. Florencia Airaudo & Francois de Soyres & Alexandre Gaillard & Ana Maria Santacreu, 2025. "Recent Evolutions in the Global Trade System: From Integration to Strategic Realignment," Working Papers 2025-027, Federal Reserve Bank of St. Louis.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:drxlwp:2024_007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard C. Barnett (email available below). General contact details of provider: https://edirc.repec.org/data/dedreus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.