An Economic Assessment of the Integration of Czechoslovakia, Hungary, and Poland into the European Union

This paper is a study of the economic effects of the integration of the Central European Countries (CECs) into the European Union (EU). Our analysis of EU-CEC integration is based on a specially constructed version of the University of Michigan Computational General Equilibrium (CGE) Trade Model. We use this model to calculate the economic effects of EU-CEC integration on the trade, output, and employment by sector as well as the real returns to capital and labor and the economic welfare of the CECs, the EU members, and the other major trading country aggregates included in the model