Decomposing the Economic Costs and Benefits of Accession to the EU: the Swiss Case
Decomposing the Economic Costs and Benefits of Accession to the EU: the Swiss Case
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제16권 제2호
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2001.06203 - 228 (26 pages)
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This paper proposes a decomposition of the likely effects of a “deep” regional integration arrangement for a small country. It is based on a steady-state general equilibrium model which allows to capture the long-term effects of a variety of factors, including the reduction of non-tariff barriers, immigration, budgetary transfers and monetary integration. Particular care is given to the modeling of wealth accumulation, with savings endogenized on the basis of an overlapping generation framework. The effects of product standardization in manufacturing are simulated on the basis of ex-post estimates of the pro-competitive effects of the Single Market Program.
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Simulations and Results
Ⅳ. Conclusions
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