EU Membership: A Cost-Benefit Analysis for the UK
This paper reviews the evidence on the economic implications of the UK’s accession to the European Economic Community and subsequent EU membership. The benefits were much greater than the costs, probably by a ratio of about 6 to 1. The UK benefited from lower trade costs and higher volumes of trade...
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| Formato: | Article ou chapitre numérique |
| Idioma: | Français |
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2021
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| Acesso em linha: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
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cairn-RINDU1_211_0005RINDU1Annales des Mines - Réalités industrielles https://stm.cairn.info/revue-realites-industrielles-2021-1-page-5?lang=en https://doi.org/10.3917/rindu1.211.0005 EU Membership: A Cost-Benefit Analysis for the UK Crafts, Nicholas2021 fre Annales des Mines - Réalités industrielles | Février 2021 | 1 | 2021-01-21 | p. 5-8 | 1148-7941 RINDU1_21148 This paper reviews the evidence on the economic implications of the UK’s accession to the European Economic Community and subsequent EU membership. The benefits were much greater than the costs, probably by a ratio of about 6 to 1. The UK benefited from lower trade costs and higher volumes of trade with other member countries and this raised productivity. Different estimation methods point to permanent gains in the level of real GDP of 8.6 per cent after 10 or 15 years. The costs to the UK were a net contribution to the EU budget which averaged about 0.5 per cent of GDP per year and the adoption of regulations for which compliance costs exceeded benefits, estimated at about 0.9 per cent of GDP per year. Voters in favour of Brexit who were protesting about government policies gave little or no weight to its productivity implications.Cairn free access |
| language |
Français |
| format |
Article ou chapitre numérique |
| building |
0/Bibliothèque numérique/ 1/Bibliothèque numérique/Cairn/ |
| description |
This paper reviews the evidence on the economic implications of the UK’s accession to the European Economic Community and subsequent EU membership. The benefits were much greater than the costs, probably by a ratio of about 6 to 1. The UK benefited from lower trade costs and higher volumes of trade with other member countries and this raised productivity. Different estimation methods point to permanent gains in the level of real GDP of 8.6 per cent after 10 or 15 years. The costs to the UK were a net contribution to the EU budget which averaged about 0.5 per cent of GDP per year and the adoption of regulations for which compliance costs exceeded benefits, estimated at about 0.9 per cent of GDP per year. Voters in favour of Brexit who were protesting about government policies gave little or no weight to its productivity implications. |
| author |
Crafts, Nicholas |
| spellingShingle |
Crafts, Nicholas EU Membership: A Cost-Benefit Analysis for the UK |
| author_facet |
Crafts, Nicholas |
| author_sort |
Crafts, Nicholas |
| title |
EU Membership: A Cost-Benefit Analysis for the UK |
| title_short |
EU Membership: A Cost-Benefit Analysis for the UK |
| title_full |
EU Membership: A Cost-Benefit Analysis for the UK |
| title_fullStr |
EU Membership: A Cost-Benefit Analysis for the UK |
| title_full_unstemmed |
EU Membership: A Cost-Benefit Analysis for the UK |
| title_sort |
eu membership: a cost-benefit analysis for the uk |
| publishDate |
2021 |
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| url |
https://ezproxy.univ-orleans.fr/login?url=https://stm.cairn.info/revue-realites-industrielles-2021-1-page-5?lang=en https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.3917/rindu1.211.0005 |
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1877246680269586433 |