As regards the extent of this integration, however, the results are often inconclusive.
Further analysis calls for a closer scrutiny of the basic requirements for perfect integration.
This paper presents an analysis of market segmentation in terms of existing regulatory and informational wedges, based on conditions in the Nordic welfare states. However, certain residual cross-border tax wedges do challenge the view of perfect equity market integration. Before downloading any of the electronic versions below you should read our statement on copyright . Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.