@techreport{Kiander2002Eastern,
abstract = {This paper analyses the economic effects of the eastern enlargement of the EU both
on the existing Member States and the candidate countries using simulation results
of a dynamic computable general equilibrium model. In addition to conventional
trade policy impacts such as custom union formation and common agricultural policy
the effects of factor mobility, induced by institutional changes, are analyzed. The
analysis is based on six different scenarios. According to the results EU membership
will accelerate growth in output, investment and consumption in the candidate
countries in all scenarios. However, it turns out that factor mobility effects dominate
those of conventional trade policy. Growth in national income will lag behind GDP
growth because profits will be paid out to foreign investors. Migration will slow output
growth in the candidate countries and accelerate growth in the existing Member
States, while the trends in per capita consumption will be reversed; migration
increases per capita consumption in the new Member States and reduces it slightly in
the existing ones.},
author = {Jaakko Kiander and Risto Vaittinen and Tiiu Paas},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F15; F10; C68; R23; 330; Eastern enlargement of the EU; General equilibrium modeling; Integration; Migration; Trade policy; EU-Erweiterung; Makro\"{o}konomischer Einfluss; Besch\"{a}ftigungseffekt; Internationale Faktormobilit\"{a}t; Allgemeines Gleichgewicht; Internationale Wanderung; EU-Staaten; Osteuropa},
language = {eng},
number = {6},
title = {The Eastern Enlargement of the Eurozone and Labour Market Adjustment},
type = {Ezoneplus working paper},
url = {http://hdl.handle.net/10419/22120},
year = {2002}
}
