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Die Handelseffekte der österreichischen EU-Mitgliedschaft 25 Jahre nach der Volksabstimmung

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  • Harald Oberhofer
  • Gerhard Streicher

Abstract

On 12th 1994, Austria held a referendum on its potential accession to the European Union. 66.6% of the participants voted in favor of an EU membership and, as a consequence, Austria joined the EU at 1st of January 1995. 25 years after Austria's membership referendum, this study quantifies the trade and welfare effects induced by Austrians EU membership. In a first step and by making use of a gravity model, the study calculates the trade effects of Austria’s EU membership. Accordingly, in the long-run Austria trades about 46% more goods with the other EU member states. This trade effect is then implemented into WIFO’s Adagio Input-Output model in order to assess the GDP, employment and price effects of Austria’s EU membership. The findings suggest that Austria’s real GDP grew by about 0.7% annually faster due to Austria’s decision to join the EU.

Suggested Citation

  • Harald Oberhofer & Gerhard Streicher, 2019. "Die Handelseffekte der österreichischen EU-Mitgliedschaft 25 Jahre nach der Volksabstimmung," FIW Research Reports series VII-002, FIW.
    • Handle: RePEc:wsr:ecbook:2018:i:vii-002
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    Cited by:

    1. Elisabeth Christen & Klaus S. Friesenbichler & Alexander Hudetz & Claudia Kettner-Marx & Ina Meyer & Franz Sinabell, 2021. "Außenhandel und nachhaltige Entwicklung in Österreich. Befunde auf der Grundlage von vorliegenden Quellen," WIFO Studies, WIFO, number 69290, February.
    2. Harald Oberhofer, 2019. "Die Handelseffekte von Österreichs EU-Mitgliedschaft und des Europäischen Binnenmarktes," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(12), pages 883-890, December.
    3. Elisabeth Christen & Bettina Meinhart & Franz Sinabell & Gerhard Streicher, 2021. "Transportkostenwahrheit im internationalen Handel," WIFO Studies, WIFO, number 67045, April.

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    More about this item

    Keywords

    EU-Mitgliedschaft; Österreich; Handelseffekte; Wirtschaftswachstum;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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