Economic impact of the EU Eastern enlargement on New Member States revisited: The role of economic institutions-Reference-Cited by-同舟云学术

Economic impact of the EU Eastern enlargement on New Member States revisited: The role of economic institutions

Published:2021-01-01 Issue:55 Volume:8 Page:126-143
ISSN:2543-6821
Container-title:Central European Economic Journal
language:en
Short-container-title:

Author:

Hagemejer Jan¹^ORCID,Michałek Jan J.²^ORCID,Svatko Pavel²

Affiliation:

1. CASE Center for Social and Economic Research , University of Warsaw , Warszawa , Poland

2. University of Warsaw , Warszawa , Poland

Abstract

Abstract The paper analyses the economic implications of the accession of New Member States (NMS) to the European Union (EU) in 2004 and 2007. The estimation effects of integration with the EU were carried out as a comparative case study using the synthetic control method (SCM) proposed by Abadie and Gardeazabal. Compared to previous studies analysing the effects of accession to the EU (Campos, Coricelli and Moretti), we check for the importance of the quality of economic institutions for the matching process of the analysed economies with their comparators. The results of the econometric analysis show a positive impact on the country performance 6 years and 12 years after accession to the EU. The gains from accession are large but not universal. For 5 of the 10 analysed countries the difference in levels of per capita gross domestic product (GDP) against the counterfactual is at least 30%.

Publisher

Walter de Gruyter GmbH

Subject

General Earth and Planetary Sciences,General Environmental Science

Link

https://www.sciendo.com/pdf/10.2478/ceej-2021-0008

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