Macroeconomic Effects In the Acceding Countries
AbstractSome of the concerns about European Union enlargement include the effects that it might have on the economies of the incumbent countries and on the Budget of the Union. Entering an Economic and Monetary Union is not a free lunch for the acceding countries either. In this paper we analyse how the restructuring process of the CEE's economies that started with the fall of the Berlin Wall and that is made even more urgent by their willingness to acquire the full membership of the European Union affect these countries. We also show that EU membership can, paradoxically, reduce the speed of transition by introducing constraints on the use of economic policy instruments.
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Bibliographic InfoPaper provided by University of Rome La Sapienza, Department of Public Economics in its series Working Papers with number 87.
Date of creation: Aug 2005
Date of revision:
EU enlargement; CEECs; public spending.;
Find related papers by JEL classification:
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
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