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European Integration: Some stylised facts

Author

Listed:
  • Finn Olesen

    (Department of Environmental and Business Economics, University of Southern Denmark)

  • Jørgen Drud Hansen

Abstract

The European economic integration has been an ongoing process for nearly a half century. This article discuss initially the concept of integration and then gives an overall assessment of the development of integration on various areas. Evidence points to a remarkable process towards monetary integration especially in the last decades. The significant increase of the intra-EU trade also points to a more integrated Europe especially since the establishing of the internal market. However, the integration seems to have less impact on other areas e.g. synchronisation of the business cycles between Member States and convergence of living standards. Prospects for the future development of integration is also discussed in the article.

Suggested Citation

  • Finn Olesen & Jørgen Drud Hansen, 2000. "European Integration: Some stylised facts," Working Papers 13/00, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    • Handle: RePEc:sdk:wpaper:13
    as

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    File URL: http://www.sdu.dk/~/media/Files/Om_SDU/Institutter/Miljo/ime/wp/Olesen13.ashx
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    References listed on IDEAS

    as
    1. Hans–Werner Sinn, 2002. "EU Enlargement and the Future of the Welfare State," Scottish Journal of Political Economy, Scottish Economic Society, vol. 49(1), pages 104-115, February.
    2. Dani Rodrik, 2000. "How Far Will International Economic Integration Go?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 177-186, Winter.
    3. André Sapir & Marco Buti, 1998. "Economic policy in EMU," ULB Institutional Repository 2013/8078, ULB -- Universite Libre de Bruxelles.
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