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An Empirical Assessment of Economic and Political Challenges of European Union Accession

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dc.contributor.authorTamazian, Artur
dc.contributor.authorMelikyan, Davit N.
dc.date.accessioned2012-03-30T07:30:39Z
dc.date.available2012-03-30T07:30:39Z
dc.date.issued2010
dc.description.abstractThe collapse of the Soviet Union was an exceptional experiment in the economic history of the world, which made the post-socialist countries the subject of various economic studies. Different researchers and organizations tend to monitor the progress of economic and institutional reforms through inventing different indexes (indicators), apparently trying to understand how to detect the end of the transition process. The European Union, opening its door to accession candidates and starting negotiations with a number of eastern European and Baltic states, was the first to rely on those assessments of progress in reforms for making decisions on the readiness of the countries in terms of economic and institutional development to become a member of the European family. This study tries to link the actual assessments of reforms (start of negotiations) and the available set of indicators to construct an empirical model. We apply statistical techniques of limited dependent variable models to reveal the most important criteria followed by the 'EU admission committee' and capture them in limited dependent variable models, which are applied to evaluate the readiness of a number of other post-socialist countries to start hypothetical negotiations with the EU. Based on available empirical results the factors captured in the model include the share of public expenditure in GDP, GDP per capita, private sector share of GDP, share of trade with EU in external turnover, democratization and inflation (macroeconomic stability). Our empirical assessments show that there are several transition economies (Albania, Armenia, and Georgia), which despite not having candidate status, offer better general standing in terms of 'accession criteria' than the current candidates. This fact may suggest to policy-makers (other geopolitical conditions being equal) to consider these countries for future EU enlargement waves.en
dc.identifier.citationJournal of Common Market Studies
dc.identifier.issn00219886
dc.identifier.urihttps://hdl.handle.net/10986/4974
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectEconomic Integration F150
dc.subjectInternational Fiscal Issues
dc.subjectInternational Public Goods H870
dc.subjectSocialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330
dc.titleAn Empirical Assessment of Economic and Political Challenges of European Union Accessionen
dc.title.alternativeJournal of Common Market Studiesen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum1624
okr.journal.nbpages1391-1408
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.geographicalEastern Europe
okr.region.geographicalBaltic States
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1148592&site=ehost-live
okr.relation.associatedurlhttp://www.blackwellpublishing.com/journal.asp?ref=0021-9886
okr.volume48
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