Political and Economic Dimensions of the European Union Expansion

Apostolos Serletis, Panos Afxentiou and Kazem Yavari
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Panos Afxentiou: University of Calgary, Department of Economics, Postal: 2500 University Drive NW Calgary Alberta Canada T2N 1N4, ,, http://econ.ucalgary.ca/
Kazem Yavari: Department of Economics, University of Tarbiat Modares, Postal: P.O.Box 14115-175 Tehran, Iran ,, http://www.modares.ac.ir/

Economia Internazionale / International Economics, 2003, vol. 56, issue 3, 383-396

Abstract: A mixture of political and economic reasons in support of what eventually came to be known as European Union (EU) were also evident in its recent expansion. Under the politico-military umbrella of NATO , the principles of capitalism were strengthened in Europe, and by extension the interests of the U.S. were promoted. The future economic benefits of new EU members are hypothesized to be determined by their structural preparedness to boost their investment and stimulate their export orientation. Causality tests produced mixed results, with some countries exhibiting signs of readiness to take advantage of the new conditions, as others were found in need of time and generous assistance before they modernize their economies.

JEL-codes: F15 F33 F36 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0157

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