Social Sciences
6 years ago

EU accession boosts CEEC consumption, narrowing income gap with EU15.

EU accession and the catching up of the CEEC countries
Arjan Lejour, Richard Nahuis

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The article explores how joining the EU could help Central and Eastern European Countries (CEECs) catch up economically. Despite low income levels compared to the EU, EU accession could increase consumption in CEECs by about 15%, with a 5% increase in consumption per capita compared to EU15 countries. This increase is significant but still far from equal consumption levels.