The Economic Effects of Croatia's Accession to the EU
AbstractWe explore the economic implications of the possible accession of Croatia to the European Union. We focus on two main changes associated with the EU-membership: accession to the internal European Market and institutional reforms in Croatia triggered by the EU-membership. consumption per capita in Croatia is estimated to rise by about 2.5% as a result of accession to the internal market. In particular the textile and wearing apparel sectors expand. If Croatia succeeds in reforming its domestic institutions in response to the EU-membership, income levels in Croatia could increase even more. In particular, tentative estimates suggest that GDP per capita in Croatia could even rise by additional 8%. Overall, the macroeconomic implications for the existing EU countries are negligible. --
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2008-6.
Date of creation: 2008
Date of revision:
Regional economic integration; General equilibrium model; Gravity equations; Institutional reform; Croatia;
Other versions of this item:
- Arjan Lejour & Andrea Mervar & Gerard Verweij, 2007. "The Economic Effects of Croatia's Accession to the EU," Working Papers 0705, The Institute of Economics, Zagreb.
- F15 - International Economics - - Trade - - - Economic Integration
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-03-25 (All new papers)
- NEP-TRA-2008-03-25 (Transition Economics)
- NEP-TUR-2008-03-25 (Tourism Economics)
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