Starting on 1st of May 2004, 11 countries in Central-Eastern and South Eastern Europe and in the Baltics (EU11) joined …

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 …

, Central and South Eastern European countries that joined the EU after 2004. We find that these EU11 countries have benefitted … within the EU. The analysis is conducted with the macroeconomic model QUEST that distinguishes between all EU member states … and effects on EU value chains via lower prices for intermediates. GDP effects depend heavily on the degree of openness …

This chapter offers a framework to analyse the impact of EU membership on economic ("means"), institutional ("ways …") and social ("ends") convergence of EU11 countries to the frontier. It identifies the channels through which this impact … works: trade, investment, finance, migration and institutions. Using this framework, the analysis finds that EU membership …