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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

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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