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Economic Effects Of Cee Countries Integration Into The European Union

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  • Gheorghe Zaman

Abstract

The integration of Central and Eastern Europe (CEE) countries into the European Union is supposed to bring them significant benefits. Along with the effects coming from changes in tariffs, accession to the EU internal market and free labor movement on GDP, consumption and terms of trade, the absorption of EU funds could help the process of convergence and catching up. Discussing the results of two "extreme" scenarios (full absorption of funds or non absorption at all, assumptions considered as not realistic) by the application of HEROM model for Romania, the study attempt to assess the impact of EU structural funds on foreign trade development, under the circumstances of different absorption rates, finding a stronger impact on exports compared with imports. However, adverse effects of the current international financial crisis could occur, affecting also the prospects for the Romanian economy.

Suggested Citation

  • Gheorghe Zaman, 2008. "Economic Effects Of Cee Countries Integration Into The European Union," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-2.
    • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:2
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    References listed on IDEAS

    as
    1. Brown, D. & Deardorff & A. & Djankov, S. & Stern, R., 1995. "An Economic Assessment of the Integration of Czechoslovakia, Hungary and Poland into the European Union," Papers 8, American Institute for Contemporary German Studies-.
    2. Richard Baldwin, 1993. "A Domino Theory of Regionalism," NBER Working Papers 4465, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Mihaela Neculita & Valentin Neculita & Rodica Emanuela Afanase, 2015. "Evolution Of National Strategic Plans Implementation In Central And Eastern European Countries," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 549-554.
    2. Ionica Oncioiu & Diana Andreea Mândricel & Anca Gabriela Petrescu & Florentina Raluca Bîlcan, 2017. "The Effects of the Structural Funds on the Romanian Economic Growth," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(2), pages 91-101, April.

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    More about this item

    Keywords

    Economic integration; EU policy of economic and social cohesion; structural funds; absorption capacity; economic development; macroeconomic modeling and forecasting.;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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