This chapter examines the macroeconomic benefits that membership of the Single Market has given to the 11 Baltics, Central and South Eastern European countries that joined the EU after 2004. We find that these EU11 countries have benefitted particularly from membership of the internal market...

This chapter looks into the impact of EU membership on the carbon intensity of EU11 economies since joining the EU. EU membership boosted foreign trade and FDI, leading to a rapid re-industrialization of EU11 and making them the fastest converging group of upper-middle-income countries in the...

Starting on 1 May 2004, 11 countries in Central-Eastern and South-Eastern Europe and in the Baltics (EU11) joined the European Union (EU) in three consecutive waves. Half a generation later, and a full generation after the start of transition in the region, we thought it would be opportune to...

EU cohesion policy supports investment in infrastructure, R&D and human capital in Europe’s poorer regions. This chapter summarises model-based assessments of the potential macro-economic impact of these fiscal transfers using a micro-founded dynamic general equilibrium model with...