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Austria, Finland and Sweden after 10 years in the EU. Expected and achieved integration effects.

Breuss, Fritz (2005) Austria, Finland and Sweden after 10 years in the EU. Expected and achieved integration effects. EI Working Papers / Europainstitut, 65. Europainstitut, WU Vienna University of Economics and Business, Vienna.

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Abstract

Austria, Finland and Sweden - all small highly developed industrial and rich countries - entered the EU in 1995. Their macroeconomic performance since then was quite different. Real GDP in Finland und Sweden increased faster than in EU average, while those of Austria fell back. Austria lost its second rank in GDP per capita (at PPS) and is now the fourth richest EU country; Sweden fell back from the seventh to the eight rank, while Finland improved its position from rank 11 to nine. In a referendum in September 2003 Sweden refused to take over the Euro, whereas the other two countries are members of the Euro area. Ex post model simulations indicate that Finland appears to have profited most from EU membership (0.7 percentage point greater annual GDP growth since 1995), followed by Austria (+0.4 percent) and Sweden (+0.3 percent). (author's abstract)

Item Type: Paper
Keywords: European integration / internal market / Austria / Finland / Sweden / macro model
Classification Codes: JEL F15, F17, F20, F41
Divisions: Forschungsinstitute > Europafragen
Depositing User: Repository Administrator
Date Deposited: 23 Mar 2005 15:13
Last Modified: 08 Nov 2016 19:21
URI: http://epub.wu.ac.at/id/eprint/1762

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