The Cost to the United Kingdom of Accession to the European Community

Abstract

The permanence of regional trading blocs is primarily influenced by the relative costs and benefits of membership. Whilst these are complex and wide ranging, such effects are unlikely to be captured by financial contributions to regional budgets. Budgetary contribution to the EEC is discussed, but the analysis inevitably leads to a balance of trade approach to membership. Whilst econometric exercises to locate the source and extent of balance of payments deficits and surpluses have produced some disaggregated estimates, a variety of sources are used to extend the direct cost concept of UK membership of the EEC.

Citation

Penketh, K. (1980), "The Cost to the United Kingdom of Accession to the European Community", Journal of Economic Studies, Vol. 7 No. 2, pp. 99-108. https://doi.org/10.1108/eb002512