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The Impact of the European Economic Integration on Sustainable Development in the EU New Member States

Author

Listed:
  • Mihaela Simionescu

    (Institute for Economic Forecasting of the Romanian Academy)

  • Mihaela-Daniela Vornicescu (Niculescu)

    (Institute for Economic Forecasting of the Romanian Academy)

Abstract

In the context of a Sustainable Europe by 2030, this paper evaluates the impact of EU membership of new member states on indicators related to sustainable development (GDP growth and unemployment rate). The analysis for the period 1995-2020 Ð based on the 13 most recent member states of the EU and Ð suggests that EU membership did not contribute to GDP growth, but reduced unemployment due to labor migration to early member states and other developed countries. Some policy recommendations are made to achieve a sustainable growth in the EU new member states as EuropeÕs 2030 strategy requires.

Suggested Citation

  • Mihaela Simionescu & Mihaela-Daniela Vornicescu (Niculescu), 2022. "The Impact of the European Economic Integration on Sustainable Development in the EU New Member States," Bulgarian Economic Papers bep-2022-02, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jan 2022.
  • Handle: RePEc:sko:wpaper:bep-2022-02
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    File URL: https://www.uni-sofia.bg/index.php/eng/content/download/262782/1726791/file/BEP-2022-02.pdf
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    More about this item

    Keywords

    GDP; unemployment; migration; sustainable development; panel data models;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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