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Austria's EU Accession and Trade

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This contribution discusses the development of Austria's trade with the European Union. First, a descriptive analysis shows that Austrian exports to the European Union were adversely affected by trade barriers during the 1980s and in the first half of the 1990s. As a result, Austria's market shares in the European Union declined steadily until 1995. Second, a gravity model for a panel of OECD countries confirms positive trade liberalization effects after the country's accession to the EU. More recently, the introduction of the euro in 1999 seems to have given a new impetus to trade flows between Austria and the countries of the euro area.

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File URL: http://www.oenb.at/dms/oenb/Publikationen/Volkswirtschaft/Monetary-Policy-and-the-Economy/2005/Monetary-Policy-and-the-Economy-Q2-05/chapters/mop_e_02_05_analyses12_tcm16-30251.pdf
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Bibliographic Info

Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Monetary Policy & the Economy.

Volume (Year): (2005)
Issue (Month): 2 ()
Pages: 170–177

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Handle: RePEc:onb:oenbmp:y:2005:i:2:b:12

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Keywords: Trade; Austria; EU Accession;

References

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  1. Fritz Breuss, 2003. "Österreich, Finnland und Schweden in der EU – Wirtschaftliche Auswirkungen," WIFO Working Papers, WIFO 200, WIFO.
  2. Fidrmuc, Jarko & Fidrmuc, Jan, 2001. "Disintegration and trade," ZEI Working Papers, ZEI - Center for European Integration Studies, University of Bonn B 24-2001, ZEI - Center for European Integration Studies, University of Bonn.
  3. Rose, Andrew K, 1999. "One Money, One Market: Estimating the Effect of Common Currencies on Trade," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2329, C.E.P.R. Discussion Papers.
  4. James E. Anderson & Eric van Wincoop, 2001. "Gravity with Gravitas: A Solution to the Border Puzzle," NBER Working Papers 8079, National Bureau of Economic Research, Inc.
  5. I-Hui Cheng & Howard J. Wall, 2004. "Controlling for heterogeneity in gravity models of trade and integration," Working Papers, Federal Reserve Bank of St. Louis 1999-010, Federal Reserve Bank of St. Louis.
  6. Hamid Faruqee, 2004. "Measuring the Trade Effects of EMU," IMF Working Papers, International Monetary Fund 04/154, International Monetary Fund.
  7. Bussière, Matthieu & Fidrmuc, Jarko & Schnatz, Bernd, 2005. "Trade integration of Central and Eastern European countries: lessons from a gravity model," Working Paper Series, European Central Bank 0545, European Central Bank.
  8. Laszlo Matyas, 1997. "Proper Econometric Specification of the Gravity Model," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 20(3), pages 363-368, 05.
  9. Peter Egger, 2004. "Estimating regional trading bloc effects with panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 140(1), pages 151-166, March.
  10. Fritz Breuss, . "Statische und dynamische Effekte der bisherigen Europa-Integration Österreichs," WIFO Working Papers, WIFO 50, WIFO.
  11. Peter Egger & Michael Pfaffermayr, 2003. "The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects," Empirical Economics, Springer, Springer, vol. 28(3), pages 571-580, July.
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