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Austria's EU Accession and Trade

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Abstract

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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  • Jarko Fidrmuc, 2005. "Austria's EU Accession and Trade," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 170-177.
    • Handle: RePEc:onb:oenbmp:y:2005:i:2:b:12
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    Cited by:

    1. N. N., 2007. "Österreichs Außenwirtschaft 2007," WIFO Studies, WIFO, number 31060, April.

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    Trade; Austria; EU Accession;
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