IDEAS home Printed from https://ideas.repec.org/p/wfo/wpaper/y2021i638.html
   My bibliography  Save this paper

A Simple EU Model in EViews

Author

Listed:
  • Fritz Breuss

Abstract

Many studies with different methods (CGE models, DSGE models, structural gravity equations) have recently evaluated EU's Single Market. The problem with all these studies is that they use complex models with data sets which are not replicable. The aim of this paper is to develop a simple EU model which uses readily accessible data, and which is replicable in EViews. First the 10 equations macro model is used to evaluate Austria's EU membership since 1995. Then the same prototype model is applied to make a comparison of the integration effects of a selected number of EU Member States. Our simple EU model covers the essential economic effects of EU integration of EU's Single Market, the introduction of the Euro, and the following EU enlargements: increase in intra-EU trade, price reduction because of more competition, the impact of the net budget position vis à vis the EU budget, and lastly that on growth.

Suggested Citation

  • Fritz Breuss, 2021. "A Simple EU Model in EViews," WIFO Working Papers 638, WIFO.
    • Handle: RePEc:wfo:wpaper:y:2021:i:638
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/68004
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kohler, Wilhelm, 2004. "Eastern Enlargement of the EU: A Comprehensive Welfare Assessment," Discussion Paper Series 26377, Hamburg Institute of International Economics.
    2. Charles I. Jones, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 495-525.
    3. Harald Oberhofer, 2019. "Die Handelseffekte von Österreichs EU-Mitgliedschaft und des Europäischen Binnenmarktes," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(12), pages 883-890, December.
    4. Christine Arriola & Sebastian Benz & Annabelle Mourougane & Frank van Tongeren, 2020. "The trade impact of the UK’s exit from the EU Single Market," OECD Economics Department Working Papers 1631, OECD Publishing.
    5. Harald Badinger, 2007. "Has the EU's Single Market Programme Fostered Competition? Testing for a Decrease in Mark‐up Ratios in EU Industries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(4), pages 497-519, August.
    6. G. M. Grossman & K. Rogoff (ed.), 1995. "Handbook of International Economics," Handbook of International Economics, Elsevier, edition 1, volume 3, number 3.
    7. Thomas Barnebeck Andersen & Mikkel Barslund & Pieter Vanhuysse, 2019. "Join to Prosper? An Empirical Analysis of EU Membership and Economic Growth," Kyklos, Wiley Blackwell, vol. 72(2), pages 211-238, May.
    8. Harald Badinger & Fritz Breuss, 2005. "Has Austria’s Accession to the EU Triggered an Increase in Competition? A Sectoral Markup Study," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(2), pages 145-180, June.
    9. Kohler, Wilhelm, 2004. "Eastern enlargement of the EU: a comprehensive welfare assessment," Journal of Policy Modeling, Elsevier, vol. 26(7), pages 865-888, October.
    10. Fritz Breuss, 2020. "Pro-Globalization via FTAs in Times of COVID-19," WIFO Working Papers 617, WIFO.
    11. Gabriel Felbermayr & Jasmin Katrin Gröschl & Inga Heiland, 2018. "Undoing Europe in a New Quantitative Trade Model," ifo Working Paper Series 250, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    12. in ’t Veld, Jan, 2019. "The economic benefits of the EU Single Market in goods and services," Journal of Policy Modeling, Elsevier, vol. 41(5), pages 803-818.
    13. Kohler, Wilhelm K., 2004. "Eastern Enlargement of the EU: A Comprehensive Welfare Assessment," HWWA Discussion Papers 260, Hamburg Institute of International Economics (HWWA).
    14. Germán Gutiérrez & Thomas Philippon, 2018. "How European Markets Became Free: A Study of Institutional Drift," NBER Working Papers 24700, National Bureau of Economic Research, Inc.
    15. Fritz Breuss, 2017. "The United States-Euro Area Growth Gap Puzzle," WIFO Working Papers 541, WIFO.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fritz Breuss, 2022. "In Search of the "Right" Integration Effects: From Complex to Simple Modeling," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 50(3), pages 99-118, December.
    2. Fritz Breuss, 2021. "25 Years of Austria's EU Membership. Quantifying the Economic Benefits With a DSGE Model," WIFO Working Papers 603, WIFO.
    3. Fritz Breuss, 2020. "Makroökonomische Effekte der 25- jährigen EU-Mitgliedschaft Österreichs," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/20, pages 27-48.
    4. Fritz Breuss, 2007. "A Prototype Model of EU's 2007 Enlargement," FIW Working Paper series 007, FIW.
    5. Fritz Breuss, 2009. "An evaluation of the EU's Fifth Enlargement With special focus on Bulgaria and Romania," European Economy - Economic Papers 2008 - 2015 361, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Srðan Marinkoviæ & Zenaida Šabotiæ & Dragiæ Bankoviæ, 2018. "EU enlargement: Does economics of regional integration matter?," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 881-904.
    7. Gabriel Felbermayr & Wilhelm Kohler, 2014. "Can International Migration Ever Be Made a Pareto Improvement?," World Scientific Book Chapters, in: European Economic Integration, WTO Membership, Immigration and Offshoring, chapter 11, pages 373-393, World Scientific Publishing Co. Pte. Ltd..
    8. Marius Brülhart & Matthieu Crozet & Pamina Koenig, 2004. "Enlargement and the EU Periphery: The Impact of Changing Market Potential," The World Economy, Wiley Blackwell, vol. 27(6), pages 853-875, June.
    9. Ghosh, Sucharita & Enami, Ali, 2015. "Do refugee-immigrants affect international trade? Evidence from the world's largest refugee case," Journal of Policy Modeling, Elsevier, vol. 37(2), pages 291-307.
    10. Glebe, Thilo W., 2009. "Enlargement of the European Union: A movement towards the optimal trade bloc size?," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 10(2), pages 1-10.
    11. Lee, Hiro & van der Mensbrugghe, Dominique, 2006. "Deep integration and its impacts on non-members: EU enlargement and East Asia," MPRA Paper 82286, University Library of Munich, Germany.
    12. Tanja Broz, 2011. "Five Years of an Enlarged EU – A Positive Sum Game, Filip Keereman and István Székely, eds., Berlin Heidelberg: Springer-Verlag, 2010, pp. 256, ISBN 978-3-642-12515-7," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 13(1), pages 173-182, April.
    13. Fink, Gerhard, 2009. "Comparative advantage, regional specialization and income distribution: The case of Austria in perspective," Journal of Policy Modeling, Elsevier, vol. 31(2), pages 239-259.
    14. Egger, Peter & Larch, Mario, 2011. "An assessment of the Europe agreements' effects on bilateral trade, GDP, and welfare," European Economic Review, Elsevier, vol. 55(2), pages 263-279, February.
    15. Marcel DRACEA, 2008. "The implications of the accession to the European Union upon taxation in Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 458-465, may.
    16. Campos, Nauro F. & Eichenauer, Vera Z. & Sturm, Jan-Egbert, 2020. "Close encounters of the European kind: Economic integration, sectoral heterogeneity and structural reforms," European Economic Review, Elsevier, vol. 129(C).
    17. Richard Baldwin & Henrik Braconier & Rikard Forslid, 2005. "Multinationals, Endogenous Growth, and Technological Spillovers: Theory and Evidence," Review of International Economics, Wiley Blackwell, vol. 13(5), pages 945-963, November.
    18. Fritz Breuss, 2018. "25 Years Single Market: Which Trade and Growth Effects?," WIFO Working Papers 572, WIFO.
    19. Mitze, Timo & Breidenbach, Philipp, 2023. "The complex regional effects of macro-institutional shocks: Evidence from EU economic integration over three decades," Ruhr Economic Papers 1007, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    20. Jürgen Janger, 2008. "Supply-Side Triggers for Inflation in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 34-69.

    More about this item

    Keywords

    European Integration; Model Simulations; Country Studies;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wpaper:y:2021:i:638. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.