Naslov
Static and dynamic effects of customs union creation

Autori
Jošić, Hrvoje ; Jošić, Mislav

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Conference Proceedings / Vinko Kandžija, Andrej Kumar - Opatija : Sveučilište u Rijeci, 2013, 53-65

ISBN
978-953-7813-16-1

Skup
9th International Conference Economic Integrations, Competition and Cooperation

Mjesto i datum
Opatija, Hrvatska, 17.04.2013. - 19.04.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
customs union; static and dynamic effects; Croatia-EUCU accession.

Sažetak
The benefits of free trade arrangements in regard to autarky were known from the time of classical economists. The process of regional and global economic integration started in the second half of the twentieth century. Regional economic integrations can be expressed in the form of free trade area, customs union, common market and economic (monetary and political union). There are benefits and costs of accession into these regional economic integrations. In this paper customs union as a form of regional economic integration is presented and explained. If the positive effect of customs union accession (trade creation) outweights the negative one (trade diversion), country should join the custom union. The goal of this paper is to demonstrate and explain the benefits and costs of customs union creation using microeconomic aparatus and quantitative analysis. The anticipated accession of Croatia into European Union Customs Union (EUCU) is considered and presented using static and dynamic effects of customs union creation which are thoroughly analysed. The importance of CEFTA market for Croatia is specially highlighted and explained. The analysis has shown that the anticipated 2013. Croatia-EUCU accession will have small positive static and potentially positive dynamic effect on country's welfare.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA