On the cost of re-establishing Yugoslavia: first estimates of the economic impact on Montenegro of establishing a customs union with Serbia

Article


Gros, D., Kernohan, D., Najman, V. and Wozniak, P. 2004. On the cost of re-establishing Yugoslavia: first estimates of the economic impact on Montenegro of establishing a customs union with Serbia. Southeast European and Black Sea Studies. 4 (1), pp. 119-139. https://doi.org/10.1080/14683850412331321758
TypeArticle
TitleOn the cost of re-establishing Yugoslavia: first estimates of the economic impact on Montenegro of establishing a customs union with Serbia
AuthorsGros, D., Kernohan, D., Najman, V. and Wozniak, P.
Abstract

A new state has recently been (re-)created: the ‘Union of Serbia and Montenegro’. Does this creation make economic sense? This article looks at one key aspect of this issue and presents some first estimates of the economic impact on Montenegro of unifying its tariffs with those of Serbia. The main result is that if the common state were to adopt tariff rates anything close to the present Serbian levels the welfare costs would be considerable, in the order of [euro]20–40 million, or several per cent of Montenegrin GDP The exact amount depends of course on the common tariff schedule, which has still to be negotiated. But our calculations show that even an increase to the EU level would be painful for consumers in Montenegro.

PublisherTaylor & Francis (Routledge)
JournalSoutheast European and Black Sea Studies
ISSN1468-3857
Electronic1743-9639
Publication dates
Print14 Jan 2004
Online04 Jun 2010
Publication process dates
Deposited14 Mar 2022
Accepted18 Oct 2009
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1080/14683850412331321758
LanguageEnglish
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