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Is a European Hard Core Credible? A Statistical Analysis

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  • Jacquemin, Alexis
  • Sapir, André

Abstract

The paper analyses the proposal to create a hard core of EU countries committed to deeper and faster integration by studying the economic structure of the proposed grouping. It is divided into two parts. The first examines the relative weight and structural characteristics of the five potential candidates for early membership of the hard core in comparison with the whole EU, Japan and the United States. The second uses principal component and cluster analyses to investigate whether these five countries represent a homogenous grouping vis-à-vis the other EU members.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1242.

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Date of creation: Sep 1995
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Handle: RePEc:cpr:ceprdp:1242

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Keywords: EU; Regional integration;

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Cited by:
  1. Simón Sosvilla-Rivero & Francisco Pérez-Bermejo, 2007. "Political and institutional factors in regime change in the ERM: An application of duration analysis," Working Papers 07-05, Asociación Española de Economía y Finanzas Internacionales.
  2. Papageorgiou, Theofanis & Michaelides, Panayotis G. & Milios, John G., 2010. "Business cycles synchronization and clustering in Europe (1960-2009)," Journal of Economics and Business, Elsevier, vol. 62(5), pages 419-470, September.

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