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Openness And T he EU

Openness And T he 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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Openness And T he EU

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  1. Openness And The EU Does Candidacy to the EU Increase a Nation’s Trade Openness? By: Constantine Petallides

  2. What is Trade Openness? • (Imports + Exports)/GDP • More Business = Stronger and More Stable Economy

  3. 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

  4. Methodology • Penn World Tables used to generate dataset • Observe other variables in relation to Trade Openness

  5. The Data Note: All tables and graphs are author created based on this dataset

  6. The Data (Post-Mental Breakdown)

  7. Case Example: Finland

  8. Unobservable Factors: Turkey

  9. Further Research / Difficulties • Statistics Training • More Advanced Confirmation of Relationship

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