Business Intelligence

The Internal Market For Services Of The European Union - Evidence From The OECD-panel Data

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Executive Summary

The European Union service sector hampers many regulations by the Member States. For this reason, the European Commission issued a directive to reduce regulations and raise competition. The authors update the study from Kox, Lejour and Montizaan (2005) with the latest changes of the directive on services o the internal market. Based on OECD- Panel data, they are able to develop a linear service trade model to investigate the economic benefit of such a directive. The results show that the volume of service trade would decline with a between 2.6%-5.4%.

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