West European Economic Integration since 1950: Implications for Trade and Income

Nicholas Crafts

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: This paper provides a survey of the implications of post-war European economic integration for trade and income. A particular focus is the impact on the United Kingdom. The literature clearly points to large effects of the EU on trade but is more ambivalent about EFT A. Conventional econometric models suggest that this extra trade meant that the level of income in 2000 in EUcountries was about 9 percent larger. Comparisons of the ex-post in come gains of EU membership for the United Kingdom with ex-ante predictions show that the outcome was far better than optimistsexpected in the 1970s.

Keywords: economicintegration; gravitymodel; grow theffects; tradecreation (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-his and nep-int
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cge:wacage:219

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