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GEMF

Grupo de Estudos Monetários e Financeiros

Estudo do GEMF n.º 05/2016

   

Impact of European Integration Process on Value Added Creation in Chosen Member Countries


Jozef Kubala
University of Economics in Bratislava

Abstract:

Dissertation deals with assessing the impact of the European integration process, in particular the impact of enlargement in 2004 on the individual EU member states. It also focuses on identifying and quantifying the main determinants of changes in the volume of value added and total hours worked in selected EU member states. The main goal of the dissertation is the decomposition of changes in the volume of value added and total hours worked selected EU countries over the 1995-2009 period to the changes caused by technological advances, induced by structural changes in the economy and changes induced by final demand (expressed as the total volume and structure). The aim of the thesis is also introducing a new method by which it is possible to separate the influence of European integration on individual member economies from other effects which happened simultaneously.
In separating the impact of European integration on value added and employment from other influences, was examined the evolution of the value added and total hours worked generated by exports to EU member states over the 1995-2011 time period. Assuming that if the growth rate of monitored indicators increased after the accession of new members to the EU in 2004, an increase in the growth rate of monitored indicators is the result of the impact of the European integration process.

Keywords: European Union, input-output analysis, structural decomposition, value added

JEL classification: E61, F14, F15, F63

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