The Economic Effects of Croatia's Accession to the EU

Arjan Lejour, Andrea Mervar, Gerard Verweij

Research output: Working paperDiscussion paperOther research output

Abstract

We explore the economic implications of the possible accession of Croatia to the European Union. We focus on two main changes associated with the EU-membership: accession to the internal European Market and institutional reforms in Croatia triggered by the EU-membership. consumption per capita in Croatia is estimated to rise by about 2.5 percent as a result of accession to the internal market. In particular the textile and wearing apparel sectors expand. If Croatia succeeds in reforming its domestic institutions in response to the EU-membership, income levels in Croatia could increase even more. In particular, tentative estimates suggest that GDP per capita in Croatia could even rise by additional 8 percent. Overall, the macroeconomic implications for the existing EU countries are negligible. -- Regional economic integration ; general equilibrium model ; gravity equations ; institutional reform ; Croatia
Original languageEnglish
Place of PublicationKiel
PublisherKiel Inst. for the World Economy]
Number of pages29
Publication statusPublished - 2008
Externally publishedYes

Publication series

NameEconomics Discussion Paper
Volume2008-6

Keywords

  • Wirkungsanalyse
  • Kroatien
  • Institutioneller Wandel
  • EU-Erweiterung
  • EU-Staaten
  • Europäische Integration
  • Makroökonomischer Einfluss

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    Lejour, A., Mervar, A., & Verweij, G. (2008). The Economic Effects of Croatia's Accession to the EU. (Economics Discussion Paper; Vol. 2008-6). Kiel Inst. for the World Economy]. http://hdl.handle.net/10419/17978