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Assymetry in Trade Barriers in the European Union - An analysis of cause and consequence of the differences in trade conditions in the EU

Rundgren, Henrik LU (2014) NEKH01 20141
Department of Economics
Abstract
The conditions for trading differ in the EU, even though the idea of the single market was born almost six decades ago and started to go toward completion over two decades ago. These differences causes asymmetry in trade costs which lead to trade volumes, and in extension wealth, are less in the union than what they would be if the union was more harmonized. This paper is therefore aiming at finding what differences between countries causes the trade cost asymmetries, what the current trade theories predict the specific effects of the asymmetries are, and what possibilities exists to reduce the differences between the members of the nation. This will be done by summarizing the relevant theory, with the help of big data sets analyze what... (More)
The conditions for trading differ in the EU, even though the idea of the single market was born almost six decades ago and started to go toward completion over two decades ago. These differences causes asymmetry in trade costs which lead to trade volumes, and in extension wealth, are less in the union than what they would be if the union was more harmonized. This paper is therefore aiming at finding what differences between countries causes the trade cost asymmetries, what the current trade theories predict the specific effects of the asymmetries are, and what possibilities exists to reduce the differences between the members of the nation. This will be done by summarizing the relevant theory, with the help of big data sets analyze what factors cause the asymmetries, and then put the found asymmetries and the theory together to find the effect. What the paper find is a European Union in which the non-Mediterranean western countries have clearly lower trade costs than the south and eastern parts of the union, but it also finds that all countries of the union would benefit from together bringing down the trade barriers in the part of the union were they are high; by harmonizing, investing, and collaborating. (Less)
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author
Rundgren, Henrik LU
supervisor
organization
course
NEKH01 20141
year
type
M2 - Bachelor Degree
subject
keywords
European Union, EU, Asymmetry, Trade Cost
language
English
id
4460192
date added to LUP
2014-06-23 22:07:49
date last changed
2014-06-23 22:07:49
@misc{4460192,
  abstract     = {{The conditions for trading differ in the EU, even though the idea of the single market was born almost six decades ago and started to go toward completion over two decades ago. These differences causes asymmetry in trade costs which lead to trade volumes, and in extension wealth, are less in the union than what they would be if the union was more harmonized. This paper is therefore aiming at finding what differences between countries causes the trade cost asymmetries, what the current trade theories predict the specific effects of the asymmetries are, and what possibilities exists to reduce the differences between the members of the nation. This will be done by summarizing the relevant theory, with the help of big data sets analyze what factors cause the asymmetries, and then put the found asymmetries and the theory together to find the effect. What the paper find is a European Union in which the non-Mediterranean western countries have clearly lower trade costs than the south and eastern parts of the union, but it also finds that all countries of the union would benefit from together bringing down the trade barriers in the part of the union were they are high; by harmonizing, investing, and collaborating.}},
  author       = {{Rundgren, Henrik}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Assymetry in Trade Barriers in the European Union - An analysis of cause and consequence of the differences in trade conditions in the EU}},
  year         = {{2014}},
}