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Effects of Austria's EU Membership

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  • Fritz Breuss

Abstract

The "Single Market", the core element of European integration, commemorates its 20th anniversary this year. Since its accession to the EU in 1995, Austria has taken part in all steps of deeper integration. Not only from a political perspective has Austria become more modern and European through EU membership, it has also benefited economically at each stage of integration: opening-up of Eastern Europe (additional GDP growth of 0.2 percentage point per year), EU membership (participation in the EU Single Market +0.6 percentage point), participation in EMU (+0.4 percentage point) and EU enlargement (+0.4 percentage point). Overall, the integration effects from participation in all stages have boosted Austria's GDP growth by between ½ and 1 percentage point per year, as derived from model simulations. The plausibility of these results is confirmed by a comparison of Austria's economic performance with that of other EU or third countries. Thus Austria's growth advantage vis-à-vis Germany and Switzerland corresponds to the calculated integration effects. This "growth dividend" is difficult to explain, if at all, when abstracting from the integration effects of Austria's participation in all EU policy moves.

Suggested Citation

  • Fritz Breuss, 2013. "Effects of Austria's EU Membership," Austrian Economic Quarterly, WIFO, vol. 18(2), pages 103-114, July.
    • Handle: RePEc:wfo:wquart:y:2013:i:2:p:103-114
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    Citations

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    Cited by:

    1. Josef Baumgartner & Sandra Bilek-Steindl & Serguei Kaniovski & Hans Pitlik, 2016. "Mäßiges Wirtschaftswachstum – Arbeitslosigkeit hoch. Mittelfristige Prognose der österreichischen Wirtschaft bis 2021," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(10), pages 729-746, October.
    2. Josef Baumgartner & Serguei Kaniovski & Markus Leibrecht, 2014. "Verhaltenes Wirtschaftswachstum, hohe Arbeitslosigkeit und Budgetkonsolidierung prägen Wirtschaftsentwicklung. Mittelfristige Prognose der österreichischen Wirtschaft bis 2018," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(2), pages 117-131, February.
    3. repec:wsr:ecbook:2022:i:viii-003 is not listed on IDEAS
    4. Oliver Fritz & Egon Smeral & Stefan Schiman-Vukan, 2015. "Bericht über die Entwicklung und Struktur der österreichischen Tourismus- und Freizeitwirtschaft im Jahr 2014," WIFO Studies, WIFO, number 59390.
    5. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2015. "Mäßiges Wirtschaftswachstum mit hoher Arbeitslosigkeit. Mittelfristige Prognose der österreichischen Wirtschaft bis 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(10), pages 779-796, October.
    6. Wifo, 2015. "WIFO-Monatsberichte, Heft 10/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(10), October.
    7. Marcus Scheiblecker & Felix Butschek, 2018. "100 Jahre Republik Österreich. Nach bitteren Jahren Aufholprozess zu höchstem Wohlstand," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(1), pages 37-52, January.
    8. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2015. "Wirtschaftswachstum weiterhin verhalten, Arbeitslosigkeit bleibt hoch. Mittelfristige Prognose der österreichischen Wirtschaft bis 2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(1), pages 51-66, January.

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