Austria and Switzerland – Experiences with and without EU Membership
Austria and Switzerland have pursued different strategies towards European integration: Austria, having acceded to the EU in 1995, became a member also of Economic and Monetary Union in 1999. Switzerland, on the other hand, after the rejection of the EEA Agreement in a referendum in 1992, opted for a strategy of bilateral approach to the EU. Today, Switzerland is linked to the EU in key areas of economic integration via two bilateral agreements. Austria, benefiting from its position of full economic integration, can exploit the potential integration effects of the Internal Market and EMU, but, being a full-fledged EU and euro area member, is subject to the economic policy constraints implied by 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 lagged and partial participation in the EU 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 agreements, 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 welfare losses over the last decade.
Volume (Year): 11 (2006)
Issue (Month): 1 (February)
|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
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.:
- Frankel, Jeffrey A & Rose, Andrew K, 1998.
"The Endogeneity of the Optimum Currency Area Criteria,"
Royal Economic Society, vol. 108(449), pages 1009-1025, 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.
- 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.
- 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 Ordoñez, 2003. "The currency union effect on trade: early evidence from EMU," Economic Policy, CEPR;CES;MSH, vol. 18(37), pages 315-356, October.
- 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.
- 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.
- 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.
- Fritz Breuss, 2003. "Austria, Finland and Sweden in the European Union. Economic Effects," Austrian Economic Quarterly, WIFO, vol. 8(4), pages 131-158, December. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2006:i:1:p:13-39. 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.