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Title:Institutions, trade, and integration: what can be expected within the enlarged EU? PDF Logo
Authors:Fuchs, Michaela
Wohlrabe, Klaus
Issue Date:2008
Series/Report no.:Dresden discussion paper series in economics 16/08
Abstract:This paper investigates the potential for a further increase in trade between the fifteen old EU members and the twelve new countries having joined in 2004 and 2007 that results from a convergence of the new members' institutions towards the level of the EU-15 in accordance with the Acquis Communautaire. To this aim we estimate a gravity model applying both static and dynamic panel data techniques and incorporate detailed variables measuring institutional quality. We conclude that there is further potential for trade resulting from the successive convergence of the new members´ institutional framework towards EU standards.
Subjects:European integration
institutions
gravity model
trade potential
JEL:C23
F10
F15
O17
P30
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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