Austria and Switzerland – Experience With and Without EU Membership
Austria and Switzerland have chosen to follow entirely different paths towards European integration: Austria, joining the EU in 1995, became a member of the Economic and Monetary Union in 1999. Switzerland, on the other hand, rejected the EEA treaty in 1992 and opted for a strategy of bilateral approach to the EU, with the result that today it is linked to the EU in key areas of economic integration. Austria, utilising its position of full economic integration, is able to exploit the potential integration effects of the single market and euro zone, but, being a full-fledged EU and euro member, is subject to the economic policy constraints connected with such membership. Moreover, rich EU countries tend to be net contributors to the EU budget. Altogether, after ten years of EU membership, Austria comes out on the positive side: its GDP appears to have grown by up to ½ percentage point p.a. more rapidly on average than might have been the case without EU integration. Switzerland, through its tardy and partial participation in the EU's internal market, gained only a few advantages from this type of approach to the EU. Nevertheless, its bilateral strategy allows it to pick out, through sectoral treaties, only those integration aspects that are in its national interest. In this way, Switzerland evades the disadvantage of being a net contributor to the EU budget and is able to continue pursuing its own economic policy. Still, on balance Switzerland appears to have suffered from welfare losses over the last decade.
Volume (Year): 78 (2005)
Issue (Month): 10 (October)
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
|Order Information:|| Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Joshua J. Lewer & Hendrik Van den Berg, 2003. "How Large Is International Trade's Effect on Economic Growth?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 363-396, 07.
- Alejandro Micco & Ernesto Stein & Guillermo OrdoÒez, 2003. "The currency union effect on trade: early evidence from EMU," Economic Policy, CEPR;CES;MSH, vol. 18(37), pages 315-356, October.
- Jean-Marie Grether & Tobias Müller, 2000.
"Decomposing the Economic Costs and Benefits of Accession to the EU: the Swiss Case,"
Research Papers by the Institute of Economics and Econometrics, Geneva School of Economics and Management, University of Geneva
2000.02, Institut d'Economie et Econométrie, Université de Genève.
- Grether, Jean-Marie & Müller, Tobias, 2001. "Decomposing the Economic Costs and Benefits of Accession to the EU: the Swiss Case," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 203-228.
- Frankel, Jeffrey A & Rose, Andrew K, 1998.
"The Endogeneity of the Optimum Currency Area Criteria,"
Royal Economic Society, vol. 108(449), pages 1009-25, July.
- Jeffrey A. Frankel & Andrew K. Rose, 1996. "The Endogeneity of the Optimum Currency Area Criteria," NBER Working Papers 5700, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A & Rose, Andrew K, 1996. "The Endogeneity of the Optimum Currency Area Criteria," CEPR Discussion Papers 1473, C.E.P.R. Discussion Papers.
- Fritz Breuss, 2003. "Austria, Finland and Sweden in the European Union. Economic Effects," Austrian Economic Quarterly, WIFO, vol. 8(4), pages 131-158, December.
- Alejandro Micco & Ernesto H. Stein & Guillermo Luis Ordoñez, 2003.
"The Currency Union Effect on Trade: Early Evidence from EMU,"
Research Department Publications
4339, Inter-American Development Bank, Research Department.
- Alejandro Micco & Ernesto H. Stein & Guillermo Luis Ordoñez, 2003. "The Currency Union Effect on Trade: Early Evidence from EMU," IDB Publications (Working Papers) 6511, Inter-American Development Bank.
- Anonymous, 2005. "FAPRI 2006 Outlook for Missouri Agriculture," FAPRI-MU Report Series 44885, Food and Agricultural Policy Research Institute at University of Missouri.
- Anonymous, 2005. "Grains And Oilseeds Outlook For 2005," Agricultural Outlook Forum 2005 32817, United States Department of Agriculture, Agricultural Outlook Forum.
When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2005:i:10:p:681-714. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.