Are EU Members’ Economies an “Engine” of the EU Candidates’ Economies?

Abstract

Research background: Economic relations between countries members of the EU and EU candidates are very strong. Germany and France have the leading economies of the EU, are in the top ten economies worldwide, and drivers of EU development. Serbia has strong economic relations with Germany and France, especially with Germany. Therefore, it is necessary to examine whether Germany and France impact the development of Serbia.

Keywords

• eu member
• eu candidate
• developed country
• developing country
• vecm
• o47
• c32
• o11