Did the European Unification Induce Economic Growth? In Search of Scale-Effects and Persistent Changes
AbstractIn this paper we investigate whether the European unification has had an impact on the Union's average labor productivity growth. Based on a time series approach we do not find a scale-effect as suggested by new growth theory. However, the data do not reject the hypothesis that the EU growth experience is well described by a textbook Solow model. Panel data estimations moreover firmly reject the idea of a growth bonus associated with EU membership.
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Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 270.
Length: 29 pages
Date of creation: 15 Oct 1998
Date of revision:
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Integration; economic growth; time series tests; panel data evidence; EU membership.;
Other versions of this item:
- Patrick Vanhoudt, 1999. "Did the European unification induce economic growth? In search of scale effects and persistent changes," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 135(2), pages 193-220, June.
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-19 (All new papers)
- NEP-EEC-1998-10-19 (European Economics)
- NEP-EFF-1998-10-19 (Efficiency & Productivity)
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