The Impact of the European Economic Integration on Sustainable Development in the EU New Member States

Mihaela Simionescu and Mihaela-Daniela Vornicescu (Niculescu) ()
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Mihaela-Daniela Vornicescu (Niculescu): Institute for Economic Forecasting of the Romanian Academy

Bulgarian Economic Papers from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski

Abstract: In the context of a Sustainable Europe by 2030, this paper evaluates the impact of EU membership of new member states on indicators related to sustainable development (GDP growth and unemployment rate). The analysis for the period 1995-2020 Ð based on the 13 most recent member states of the EU and Ð suggests that EU membership did not contribute to GDP growth, but reduced unemployment due to labor migration to early member states and other developed countries. Some policy recommendations are made to achieve a sustainable growth in the EU new member states as EuropeÕs 2030 strategy requires.

Keywords: GDP; unemployment; migration; sustainable development; panel data models (search for similar items in EconPapers)
JEL-codes: C51 C53 J64 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2022-01, Revised 2022-01
New Economics Papers: this item is included in nep-eec and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2022-02

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