By: |
Lejour, Arjan Marcel;
Mervar, Andrea;
Verweij, Gerard |
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% 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%. Overall, the macroeconomic implications for the
existing EU countries are negligible. |
Keywords: |
Regional economic integration, General equilibrium model, Gravity equations, Institutional reform, Croatia |
JEL: |
F13 F15 |
Date: |
2008 |
URL: |
http://d.repec.org/n?u=RePEc:zbw:ifwedp:7096&r=tur |