Baldwin, Richard E.; Francois, Joseph F.; Portes, Richard - In: Economic Policy 12 (1997) 24, pp. 125-176
Eastern enlargement of the EU is a central pillar in Europe's post-Cold War architecture. Keeping the eastern countries … scenario in which joining the EU significantly reduces the risk premium on investment in the east - with resulting huge … benefits to the new entrants. We also review the existing literature on the EU budget costs and arrive at a surprisingly well …