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West European Economic Integration since 1950: Implications for Trade and Income

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  • Crafts, Nicholas

    (University of Warwick)

Abstract

This paper provides a survey of the implications of post-war European economic integration for trade and income. A particular focus is the impact on the United Kingdom. The literature clearly points to large effects of the EU on trade but is more ambivalent about EFT A. Conventional econometric models suggest that this extra trade meant that the level of income in 2000 in EUcountries was about 9 percent larger. Comparisons of the ex-post in come gains of EU membership for the United Kingdom with ex-ante predictions show that the outcome was far better than optimistsexpected in the 1970s.

Suggested Citation

  • Crafts, Nicholas, 2015. "West European Economic Integration since 1950: Implications for Trade and Income," CAGE Online Working Paper Series 219, Competitive Advantage in the Global Economy (CAGE).
    • Handle: RePEc:cge:wacage:219
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    File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/219-2015_crafts.pdf
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    Cited by:

    1. Berthold Busch & Jürgen Matthes, 2016. "Brexit: The Economic Impact – A Survey," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(02), pages 37-44, August.
    2. Berthold Busch & Jürgen Matthes, 2016. "Brexit: The Economic Impact – A Survey," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(2), pages 37-44, August.

    More about this item

    Keywords

    economicintegration; gravitymodel; grow theffects; tradecreation;
    All these keywords.

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