Market Potential and Welfare in the Iberian Peninsula in the 1990s (original) (raw)

Armando Jose Garcia Pires

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7 pages

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The study analyzes the market potential and welfare in the Iberian Peninsula during the 1990s using a model of monopolistic competition and perfect competition. It examines trade costs, regional GDP, and the welfare implications of integration across the twenty NUTS 2 regions of Portugal and Spain. The findings reveal that most regions gain from complete integration, particularly peripheral areas, while developed regions experience minimal losses.