The Economic Effects of Croatia's Accession to the EU

Arjan Lejour, Andrea Mervar and Gerard Verweij ()
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Gerard Verweij: CPB Netherlands Bureau for Economic Policy Analysis

No 705, Working Papers from The Institute of Economics, Zagreb

Abstract: We explore the economic implications of Croatia's possible accession 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. GDP per capita in Croatia is estimated to rise by about 1.1 percent 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 percent. Overall, the macroeconomic implications for the existing EU countries are negligible.

Keywords: regional economic integration; general equilibrium model; gravity equations; institutional reform; Croatia (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2007-12
New Economics Papers: this item is included in nep-dev, nep-eec and nep-tra
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Published in CPB document No 154

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Related works:
Working Paper: The Economic Effects of Croatia's Accession to the EU (2008)
Working Paper: The economic effects Croatia's accession to the EU (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:iez:wpaper:0705

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