Maria C. and Ali BAYAR, (2007)
Published in Romanian Journal of Economic Forecasting, volume 7 issue1, 2007
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accession of twelve Central and Eastern European countries (CEEC) to the
European Union (in 2004 and 2007) has given rise to new challenges in evaluating
the effects of integration, for both the old and the new member states. These
issues can only be addressed in a consistent, economy-wide framework, given that
the institutional and economic changes implied by the membership process produce
numerous, dynamic and complex interactions between the economic agents and
sectors. Applied general equilibrium offers such a framework.
This paper reviews the existing computable general equilibrium (CGE) models for the Central and Eastern European EU member states.
General equilibrium, EU, CEEC, integration.
JEL Classification: C68, D58, F15.