01728cas a2200241 a 4500 AALejournalIMF007503 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850727 1018-5941 BD-DhAAL BD-DhAAL Hakura, Dalia. The Effects of European Economic Integration on the Profitability of Industries / Dalia Hakura. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the effects of intensified international competition on industry profits in six European Union (EU) countries. The paper uses two methods to estimate industry profits. The traditional method uses accounting data to obtain a measure of gross price-average cost margins. The second method directly estimates markups of price over marginal cost using new empirical techniques. Import competition is found to have disciplined market power, regardless of the method used to estimate industry profits. From the analysis of the markups, there is evidence that this is due mainly to intra-EU import competition. The evidence for export discipline is much weaker. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/085 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/085/001.1998.issue-085-en.xml IMF e-Library