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An Economic Assessment of the Integration of Czechoslovakia, Hungary, and Poland into the European UnionDrusilla K. BrownTufts University - Department of Economics Alan V. DeardorffUniversity of Michigan at Ann Arbor - Department of Economics Simeon DjankovMinistry of Finance; World Bank Robert M. SternUniversity of Michigan at Ann Arbor - Department of Economics Europe's Economy Looks East, edited by Stanley W. Black, Cambridge University Press Abstract: This paper is a study of the economic effects of the integration of the Central European Countries (CECs) into the European Union (EU). Our analysis of EU-CEC integration is based on a specially constructed version of the University of Michigan Computational General Equilibrium (CGE) Trade Model. We use this model to calculate the economic effects of EU-CEC integration on the trade, output, and employment by sector as well as the real returns to capital and labor and the economic welfare of the CECs, the EU members, and the other major trading country aggregates included in the model.
JEL Classification: F15 Accepted Paper SeriesDate posted: August 5, 1998Suggested CitationContact Information
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