In Search of the "Right" Integration Effects: From Complex to Simple Modeling

Abstract Recently, studies with different methods (computable general equilibrium models, dynamic stochastic structural gravity equations) evaluated the European Union’s Single Market. The problem all these is that they use complex models datasets are not always replicable. This paper demonstrates even a simple model of Union can capture most important effects economic integration: Market, introduction Euro, and following enlargements. A model, built publicly available program, EViews, serves this purpose. dataset also freely from Commission. makes results Evaluation Austrian membership in foreground analysis followed by next steps integration, such as Euro big However, prototype able to estimate integration other member states.