The Impact of the European Economic Integration on Sustainable Development in the EU New Member States
The Impact of the European Economic Integration on Sustainable Development in the EU New Member States
Author(s): Mihaela Simionescu, Mihaela-Daniela VornicescuSubject(s): Economy, National Economy, Public Finances
Published by: Софийски университет »Св. Климент Охридски«
Keywords: GDP; unemployment; migration; sustainable development; panel data models
Summary/Abstract: In the context of a Sustainable Europe by 2030, this paper evaluates the impact of EU membership of new member states on indicators related to sustainable development (GDP growth and unemployment rate). The analysis for the period 1995-2020 – based on the 13 most recent member states of the EU and – suggests that EU membership did not contribute to GDP growth, but reduced unemployment due to labor migration to early member states and other developed countries. Some policy recommendations are made to achieve a sustainable growth in the EU new member states as Europe’s 2030 strategy requires.
Journal: Bulgarian Economic Papers
- Issue Year: 2022
- Issue No: 2
- Page Range: 2-17
- Page Count: 16
- Language: English