Skip to main content Skip to navigation

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

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

219/2015 Nicholas Crafts
working papers,economic history
Routledge Handbook of the Economics of European Integration
https://www.taylorfrancis.com/books/e/9781315796918/chapters/10.4324/9781315796918-10

219/2015 Nicholas Crafts

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 EFTA. Conventional econometric models suggest that this extra trade meant that the level of income in 2000 in EU countries was about 9 per cent larger. Comparisons of the ex-post income gains of EU membership for the United Kingdom with ex-ante predictions show that the outcome was far better than optimists expected in the 1970s.

Economic History

Routledge Handbook of the Economics of European Integration

https://www.taylorfrancis.com/books/e/9781315796918/chapters/10.4324/9781315796918-10