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Openness And The EU. Does Candidacy to the EU Increase a Nation’s Trade Openness? By: Constantine Petallides. What is Trade Openness?. (Imports + Exports)/GDP More Business = Stronger and More Stable Economy. Why Does the EU Care?.

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Presentation Transcript
Openness and the eu

Openness And The EU

Does Candidacy to the EU Increase a Nation’s Trade Openness?

By: Constantine Petallides


What is trade openness
What is Trade Openness?

  • (Imports + Exports)/GDP

  • More Business = Stronger and More Stable Economy


Why does the eu care
Why Does the EU Care?

  • Copenhagen Criteria: Existence of a functioning market economy and the capacity to cope with competitive pressure and market forces within the Union.1

  • $$$$$$$$ $$$$$$$$ $$$$$$$$

    • Fewer tariff walls and “Four Freedoms”

  • Everyone Wins!

    1Europa – Glossary – Accession Criteria (Copenhagen Criteria), http://europa.eu/scadplus/glossary/accession_criteria_copenhague_en.htm


Methodology
Methodology

  • Penn World Tables used to generate dataset

  • Observe other variables in relation to Trade Openness


The data
The Data

Note: All tables and graphs are author created based on this dataset





Further research difficulties
Further Research / Difficulties

  • Statistics Training

  • More Advanced Confirmation of Relationship


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