Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/153550 
Year of Publication: 
2009
Series/Report no.: 
ECB Working Paper No. 1116
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial Gravity Equation is estimated using different econometric estimators, in particular we discuss a recently suggested technique for the estimation of log-linear CES models. Overall, our findings suggest a steady relation between the Border Effect and industrial concentration. Besides, the analysis of industrial concentration through a synthetic index provides us with valuable insights into the structure of the European industry.
Subjects: 
Border Effect
European Single Market
Home Market Effect
Industrial Concentration
Trade
JEL: 
F10
F12
F15
Document Type: 
Working Paper

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