The US-EU Relationship: How European Integration Affects US Exports to the European Union

Sawani, Mustafa; Sawani, Assma; Copeland, Casey
August 2009
Journal of Case Research in Business & Economics;Aug2009, Vol. 1, p1
Academic Journal
The past few decades in Europe have been characterized by the integration of European economies. These developments are likely to affect not only the European economy, but the economies of several other countries that have ties with Europe. As the European Union's largest trading partner, the United States should be aware of how the changes going on in Europe are likely to affect the US economy. The purpose of this paper is to determine the effect of the European integration on US exports to the EU. Data on the GDP of the EU-15 and the exchange rate of the euro and the dollar came from the International Financial Statistics Yearbook and data on the amount of US exports to the EU-15 came from the International Monetary Fund. 25 observations (1980-2004) were used in this study and a linear regression model was used to show the impact of European integration on US exports to the EU. The results show that although the years characterized by integration under the Single Europe Act and the Maastricht Treaty saw an increase in the amount of US exports to the EU (controlling for the exchange rate, EU GDP, and exports lagged one year), exports to the EU decreased in the years characterized by integration after the introduction of the euro.


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