Nauro Campos talks to Viv Davies about his recent research with Fabrizio Coricelli and Luigi Moretti that, using data from the various enlargements since the 1970s, yields new results about the benefits that both rich and relatively poor countries, with the exception of Greece, have derived from becoming EU members. Campos estimates the gain in per capita GDP to be approximately 12%. The interview was recorded on 10 April 2014.
Nauro F. Campos, Saturday, April 26, 2014 - 00:00
Nauro F. Campos, Fabrizio Coricelli, Luigi Moretti, Wednesday, April 9, 2014 - 00:00
In the wake of the recent crisis, the debate about the economic benefits from EU membership has intensified. This column presents new results about the benefits countries derive from becoming EU members, using data from the 1980s and 2004 enlargements. There are substantial positive pay-offs, with a gain in per capita GDP of approximately 12%. Despite differences across countries, the evidence shows that the benefits of EU membership outweighed the costs for most countries – except for Greece. An important research question would be to identify factors that allow countries to better exploit EU entry.