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Eastern Opening, EU Membership, Euro Participation and EU Enlargement. Economic Impacts on Austria

Author

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  • Fritz Breuss

    (WIFO)

Abstract

Austria has gained economically from all integration steps taken by the European Union over the past 15 years (eastern opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel, its effects have similarly overlapped. Eastern opening since 1989 and Austria's EU membership since 1995 (and its participation in the currency union) contributed 0.5 to 1 percentage point to its economic growth and resulted in the creation of some 100,000 to 150,000 new jobs. The EU enlargement of 2004 has similarly benefiting Austria more than other EU 15 countries; growth effects for the real GDP are estimated at more than 0.2 percentage point p.a. over the next decade.

Suggested Citation

  • Fritz Breuss, 2006. "Eastern Opening, EU Membership, Euro Participation and EU Enlargement. Economic Impacts on Austria," WIFO Working Papers 270, WIFO.
  • Handle: RePEc:wfo:wpaper:y:2006:i:270
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    File URL: http://www.wifo.ac.at/wwa/pubid/26294
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    References listed on IDEAS

    as
    1. Fritz Breuss & Peter Egger & Michael Pfaffermayr, 2010. "Structural funds, EU enlargement, and the redistribution of FDI in Europe," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(3), pages 469-494, September.
    2. Fritz Breuss, 2002. "Benefits and Dangers of EU Enlargement," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 29(3), pages 245-274, September.
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