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Interdependent Growth in the EU: The Role of Trade

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  • María Garcia-Vega

    ()
    (Universidad Complutense de Madrid, Spain)

  • José A. Herce

    ()
    (FEDEA, Fundación de Estudios de Economía Aplicada)

Abstract

After properly modelling growth externalities and using spatial econometric techniques we investigate whether economic integration promotes interdependent growth among countries. We conclude that this has been indeed the case for advanced OECD countries and that, for those countries belonging to the EU, through successive enlargements, the effect has been even stronger. More precisely, if every (trade) partner of a given country experiences an extra growth of 1 percentage point, this economy will profit from an extra 0.5 point, and if this country belongs to the EU it will have an additional increase of its rate of growth of 0.2 points. Both figures can be interpreted as growth externalities with the latter suggesting that an integration process like the one followed by the EU has an (positive) effect on growth.

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Paper provided by European Network of Economic Policy Research Institutes in its series Economics Working Papers with number 011.

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Length: 16 pages
Date of creation: Sep 2002
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Handle: RePEc:epr:enepwp:011

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  1. Jeffrey I. Bernstein & Pierre Mohnen, 1994. "International R&D Spillovers Between U.S. and Japanese R&D Intensive Sectors," NBER Working Papers 4682, National Bureau of Economic Research, Inc.
  2. Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
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  4. Rivera-Batiz, Luis A & Romer, Paul M, 1991. "Economic Integration and Endogenous Growth," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 531-55, May.
  5. Miller, Marcus H & Spencer, John E, 1977. "The Static Economic Effects of the UK Joining the EEC: A General Equilibrium Approach," Review of Economic Studies, Wiley Blackwell, vol. 44(1), pages 71-93, February.
  6. Ana Goicolea & José A. Herce & Juan J. De Lucio, . "Regional integration and growth: The Spanish case," Working Papers 98-14, FEDEA.
  7. Mª Luz García de la Vega & José A. Herce, . "Integration and Growth in the EU. The Role of Trade," Working Papers 2000-20, FEDEA.
  8. Coe, David T & Helpman, Elhanan, 1993. "International R&D Spillovers," CEPR Discussion Papers 840, C.E.P.R. Discussion Papers.
  9. Grinols, Earl L., 1984. "A thorn in the lion's paw: Has britain paid too much for Common Market membership?," Journal of International Economics, Elsevier, vol. 16(3-4), pages 271-293, May.
  10. Jeffrey A. Frankel & David Romer, 1996. "Trade and Growth: An Empirical Investigation," NBER Working Papers 5476, National Bureau of Economic Research, Inc.
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Cited by:
  1. Tomasz Brodzicki, 2005. "New empirical insights into the growth effects of economic integration within EU," International Trade 0505014, EconWPA.

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