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
Nauro F. Campos, Fabrizio Coricelli, Luigi Moretti, Wednesday, April 9, 2014
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.
Nauro F. Campos, Fabrizio Coricelli, Luigi Moretti, Saturday, April 5, 2014
One concern with EU enlargement is that relatively poorer countries benefit more from becoming members. This column uses data from the 1973 and 1995 enlargements to show that richer countries also benefited a lot from joining the EU. Per capita incomes would have been considerably lower had these countries not joined the EU when they did. Yet, the difference between the estimated benefits for 1973 and 1995 enlargements is large, and thus, should not be attributed to differences in per capita incomes at the time of joining.
Anzelika Zaiceva, Klaus F. Zimmermann, Monday, July 28, 2008
The authors of CEPR DP6921 look at migration within the EU, before and after the 2004 enlargement. In particular, they assess the scale and drivers of migration, and the composition of the migrants before the enlargement, and look at how this has changed post-enlargement.
Helge Berger, Volker Nitsch, Friday, May 30, 2008
The European Central Bank’s Governing Council continues to expand as new economies adopt the euro. This column presents empirical evidence that the optimal central bank committee size is seven to ten members – far fewer than the 22 members the ECB will have come 2009.
Michael Emerson, Wednesday, November 15, 2006
Written in November 2006, this essay discusses what is meant by the curious but critical phrase 'absorptive capacity.'
Richard Baldwin, Thursday, May 17, 2007
Formal criteria don’t define the limits of Europe; they only delay the membership of determined applicants. The true limit is the EU’s capacity to absorb newcomers. Eastern enlargement challenged this capacity, but the forthcoming institutional reforms that allow the EU27 to function will – quite inadvertently – make it easier to enlarge the EU further. EU42 anyone?