Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301277 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11151
Publisher: 
CESifo GmbH, Munich
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 three 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.
Subjects: 
European integration
trade costs
trade policy
risky suppliers
JEL: 
F10
F14
F16
Document Type: 
Working Paper
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