The Economic Effects of Croatia's Accession to the EU

Arjan Lejour, Andrea Mervar and Gerard Verweij

No 2008-6, Economics Discussion Papers from Kiel Institute for the World Economy

Abstract: We explore the economic implications of the possible accession of Croatia 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. consumption per capita in Croatia is estimated to rise by about 2.5% 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%. 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)
Date: 2008
New Economics Papers: this item is included in nep-tra and nep-tur
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Citations: View citations in EconPapers (2)

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https://www.econstor.eu/bitstream/10419/17978/1/dp2008-6.pdf (application/pdf)

Related works:
Working Paper: The economic effects Croatia's accession to the EU (2007)
Working Paper: The Economic Effects of Croatia's Accession to the EU (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:7096

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