Economic Freedom and EU Accession: A Synthetic Control Analysis of the Eastern Enlargement

40 Pages Posted: 3 Jan 2024

See all articles by Vincent Miozzi

Vincent Miozzi

Texas Tech University - Free Market Institute; Texas Tech University - Department of Agricultural and Applied Economics

Abstract

In 2004, the European Union (EU) experienced its largest expansion with the addition of ten eastern European countries, including eight previously socialist nations: the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia. However, long before accession into the EU, these nations were liberalizing politically and economically following the collapse of communism in 1989. This paper evaluates whether EU harmonization and EU accession enhanced economic freedom—using two measures of economic freedom—for the eight post-socialist expansion countries. I employ the synthetic control method to analyze what would have happened to economic freedom in the absence of accession. I find that neither EU harmonization nor accession impacted economic freedom in either direction.

Keywords: Economic freedom, liberalization, European Union, socialism, institutions, synthetic control method

Suggested Citation

Miozzi, Vincent, Economic Freedom and EU Accession: A Synthetic Control Analysis of the Eastern Enlargement. Available at SSRN: https://ssrn.com/abstract=4682860 or http://dx.doi.org/10.2139/ssrn.4682860

Vincent Miozzi (Contact Author)

Texas Tech University - Free Market Institute ( email )

Box 45059
Lubbock, TX 79409-5059
United States

Texas Tech University - Department of Agricultural and Applied Economics ( email )

Suite 167, 2625 Memorial Circle
TTU Administration
Lubbock, TX 79409
United States

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