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An Evaluation of the Economic Effects of Austria's EU Membership

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  • Fritz Breuss

Abstract

EU membership implied for Austria in the first place considerable adjustments in the area of economic policy and also of the private sector. In many policy areas the government had to cede competence to the Community. Austria as the fourth-richest EU member state, is a net payer to the EU budget. The participation in the Single Market increased competitive pressure and brought liberalisation in areas which were protected before. This process is still going on. An overall economic evaluation indicates that EU membership produced welfare effects – mainly for consumers – of about 2 percent of GDP. Since 1995, the full integration of Austria in the Single Market and in the early stage of EMU resulted in an cumulative increase of real GDP of 3 percentage points (or of about ½ percent per year).

Suggested Citation

  • Fritz Breuss, 2000. "An Evaluation of the Economic Effects of Austria's EU Membership," Austrian Economic Quarterly, WIFO, vol. 5(4), pages 171-196, November.
    • Handle: RePEc:wfo:wquart:y:2000:i:4:p:171-196
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    References listed on IDEAS

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    1. de Mello, Luiz R, Jr, 1999. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 133-151, January.
    2. Fritz Breuss & Kurt Kratena & Fritz Schebeck, 1994. "Effekte eines EU-Beitritts für die Gesamtwirtschaft und für die einzelnen Sektoren," WIFO Monatsberichte (monthly reports), WIFO, vol. 67(5), pages 18-33, May.
    3. Flam, Harry, 1995. "From EEA to EU: Economic consequences for the EFTA countries," European Economic Review, Elsevier, vol. 39(3-4), pages 457-466, April.
    4. Richard E. Baldwin, 1992. "On the Growth Effects of Import Competition," NBER Working Papers 4045, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Engelbert Stockhammer, 2006. "Wirtschaftliche Effekte der europäischen Integration auf Österreich: Simulationsergebnisse," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 32(1), pages 65-94.
    2. Fritz Breuss, 2001. "Makroökonomische Auswirkungen der EU-Erweiterung auf alte und neue Mitglieder," WIFO Monatsberichte (monthly reports), WIFO, vol. 74(11), pages 655-666, November.
    3. Roediger-Schluge, Thomas, 2001. "The Stringency of Environmental Regulation and the 'Porter Hypothesis'," Research Memorandum 002, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    4. Fritz Breuss, 2001. "Teilprojekt 12: Makroökonomische Auswirkungen der EU-Erweiterung auf alte und neue Mitglieder," WIFO Studies, WIFO, number 19838, July.
    5. Thomas Roediger‐Schluga, 2003. "Some Micro‐Evidence on the “Porter Hypothesis” from Austrian VOC Emission Standards," Growth and Change, Wiley Blackwell, vol. 34(3), pages 359-379, August.
    6. Austrian Institute of Economic Research, 2001. "Nach vorübergehendem Abschwung gute Wachstumsaussichten. Mittelfristige Prognose der österreichischen Wirtschaft bis 2005," WIFO Monatsberichte (monthly reports), WIFO, vol. 74(7), pages 437-443, July.

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