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Measuring the Economic Costs and Benefits of the EU

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  • Patrick Minford

Abstract

The EU has pursued protectionist policies not merely in food but also in manufacturing at the customs union level. In services it has not dismantled much of the existing national protectionism. The economic costs are calculated here at some 3% of GDP for the UK and some 2% for the rest of the EU. Added to its social interventionism, these costs suggest that the EU has put political integration before economic efficiency. Copyright Springer Science + Business Media, LLC 2006

Suggested Citation

  • Patrick Minford, 2006. "Measuring the Economic Costs and Benefits of the EU," Open Economies Review, Springer, vol. 17(4), pages 509-524, December.
    • Handle: RePEc:kap:openec:v:17:y:2006:i:4:p:509-524
    DOI: 10.1007/s11079-006-0362-x
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