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EU Expansion and EU Growth

In: The Past, Present and Future of the European Union

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Listed:
  • Alan V. Deardorff

    (University of Michigan)

  • Robert M. Stern

    (University of Michigan)

Abstract

The exercise in economic integration that today is called the European Union (EU) began in the 1950s amid high hopes for the benefits that it would provide, both economically and politically The political benefits, by eliminating the historic military conflict among the participating countries, have been unambiguous and very large. The economic benefits (in addition to avoidance of economic destruction caused by war) have also been fairly clear, but not so obviously large. The static welfare gains from economic integration have always been estimated to be comparatively small, while the ‘dynamic gains’ that many have hoped for have been both less well understood and difficult to identify in the data.

Suggested Citation

  • Alan V. Deardorff & Robert M. Stern, 2004. "EU Expansion and EU Growth," International Economic Association Series, in: Alan V. Deardorff (ed.), The Past, Present and Future of the European Union, chapter 5, pages 74-102, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52286-2_5
    DOI: 10.1057/9780230522862_5
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    Cited by:

    1. Tomasz Brodzicki, 2005. "Econometric Analysis of Impact of Relative Location on the Growth Effects of Economic Integration. The case of the EU," Working Papers of Economics of European Integration Division 0603, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division, revised Jan 2006.
    2. George Gelauff & Herman Stolwijk & Paul Veenendaal, 2005. "Europe's financial perspectives in perspective," CPB Document 101.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Kovachev, Goran & Popovska, Anita & Naumov, Ognen & Sazdov, Vladimir & Todorov, Nikola, 2004. "Компаративна економска анализа Македонија vs. Белгија [Macedonia vs. Belgium (Comparative Economic Analysis)]," MPRA Paper 65690, University Library of Munich, Germany, revised Sep 2004.
    4. George Gelauff & Herman Stolwijk & Paul Veenendaal, 2005. "Europe's financial perspectives in perspective," CPB Document 101, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Hiro Lee & Dominique van der Mensbrugghe, 2006. "Deep Integration and Its Impacts on Nonmembers: EU Enlargement and East Asia," Discussion Paper Series 184, Research Institute for Economics & Business Administration, Kobe University.
    6. Charles WYPLOSZ, 2006. "Deep Economic Integration: Is Europe a Blueprint?," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 259-279, December.
    7. Lee, Hiro & van der Mensbrugghe, Dominique, 2004. "EU enlargement and its impacts on East Asia," Journal of Asian Economics, Elsevier, vol. 14(6), pages 843-860, January.
    8. Tomasz Brodzicki, 2006. "The scale of internal market and the growth effects of regional economic integration. The case of the EU," Working Papers of Economics of European Integration Division 0601, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division.
    9. Tomasz Brodzicki, 2005. "Relative Centrality or Peripheriality and the Growth Effects of Relative Centrality or Peripheriality and the Growth Effects of Economic Integration within the European Union," International Trade 0510005, University Library of Munich, Germany.
    10. Wilhelm Kohler, 2006. "The “Lisbon Goal” of the EU: Rhetoric or Substance?," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 85-113, June.

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    More about this item

    Keywords

    European Union; Total Factor Productivity; Trade Diversion; Trade Creation; Regional Trade Agreement;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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