Current Issue
Volume
27
year
2021
Issue
4

Archive

AUTHOR'S GUIDELINES

ABSTRACT GUIDELINES

SUBMIT AN ARTICLE

SCIENTFIC AND RESEARCH PROFILE

PUBLICATION ETHICS

PEER REVIEW POLICY

ABSTRACTING AND INDEXING

EDITORIAL BOARD

INTERNATIONAL EDITORIAL BOARD


ADDRESS OF THE EDITORIAL OFFICE

ISSN (print): 1312-7462
ISSN (online): 2367-9409
4 issues per year


The conceptions of the authors express their personal opinion and do not engage the editors of the journal.

The Editorial Board is committed to open science and free access to scientific publications.

Every manuscript received will be checked for plagiarism.

Typeset by:

UNWE Publishing Complex

Printed by:

UNWE Publishing Complex

The Role of EU Accession in Economic Development from the International Trade Perspective Economic Alternatives
year
2019
Issue
3

The Role of EU Accession in Economic Development from the International Trade Perspective

Abstract

According to the comprehensive literature on economic development, international trade is believed to be one of the several catalysts of productivity and growth. As being supported by the core empirical findings, internationally active countries are found to be more productive and to record greater growth rates as compared to those that produce only for the domestic market. The European Union (EU) is an important player in international trade, which has largely contributed to the smooth development of the world trade. Due to greater economic efficiency arising from the lower transaction costs, increased specialization, scale economy and competitive pressure, the EU trade liberalization has made an increasingly significant contribution to economic development of its accessing countries. This paper aims to empirically assess the effects of EU accession and trade openness on economic development of latest 13 EU members (Cyprus, Czech Republic, Estonia, Hungary, Lithuania, Latvia, Malta, Poland, Slovenia, Slovak Republic, Romania, Bulgaria and Croatia). Methods used in the analysis are descriptive statistics, correlation  and comparative analysis, and benchmarking. The conducted analysis results confirm the fact that country‚Äôs openness to international trade contributes to enhancement of its economic growth given a positive correlation between international trade (export and import) and economic growth.

Keywords

international trade, economic development, EU Accession, EU countries, Transition Economies
Download 7_S_V_EA_en_i3_2019.pdf