Macroeconomic Effects In the Acceding Countries

No 87, Working Papers in Public Economics from University of Rome La Sapienza, Department of Economics and Law

Abstract: Some of the concerns about European Union enlargement include the effects that it might have on the economies of the incumbent countries and on the Budget of the Union. Entering an Economic and Monetary Union is not a free lunch for the acceding countries either. In this paper we analyse how the restructuring process of the CEE's economies that started with the fall of the Berlin Wall and that is made even more urgent by their willingness to acquire the full membership of the European Union affect these countries. We also show that EU membership can, paradoxically, reduce the speed of transition by introducing constraints on the use of economic policy instruments.

Keywords: EU enlargement; CEECs; public spending. (search for similar items in EconPapers)
JEL-codes: C62 F02 F40 (search for similar items in EconPapers)
Pages: 49
Date: 2005-08
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