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In & Out – A Country Comparison Reflecting on the Enlargement Round of 1995

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  • Wolfgang Pointner

    (Oesterreichische Nationalbank)

Abstract

This paper provides an overview of the economic effects EU membership has had on the countries Austria, Finland and Sweden since their accession in 1995, primarily focusing on implications for price stability and GDP growth. EU accession has led to an intensification of competition or opened up industries to competition in the first place. This, in turn, has dampened prices, in particular in previously sheltered sectors like the agricultural sector. Economic integration has also had a positive effect on GDP growth, increasing annual growth by approximately 0.5 percentage point. As a non-EU member, Switzerland did not experience these benefits.

Suggested Citation

  • Wolfgang Pointner, 2005. "In & Out – A Country Comparison Reflecting on the Enlargement Round of 1995," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 90-100.
    • Handle: RePEc:onb:oenbmp:y:2005:i:2:b:6
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    References listed on IDEAS

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    5. Andrew K. Rose, 2000. "One money, one market: the effect of common currencies on trade," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 15(30), pages 08-45.
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