Assymetry in Trade Barriers in the European Union - An analysis of cause and consequence of the differences in trade conditions in the EU
(2014) NEKH01 20141Department 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)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/4460192
- author
- Rundgren, Henrik LU
- supervisor
- organization
- course
- NEKH01 20141
- year
- 2014
- 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}}, }