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Growth, Convergence and EU Membership

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Author Info
Jesús Crespo-Cuaresma () (University of Vienna, Department of Economics, Brünnerstraße 72, A-1210 Vienna,)
Maria Antoinette Dimitz () (Oesterreichische Nationalbank, Foreign Research Division, Otto-Wagner-Platz 3 POB 61, A-1011 Vienna, Austria)
Doris Ritzberger-Grünwald () (Oesterreichische Nationalbank, Foreign Research Division, Otto-Wagner-Platz 3 POB 61, A-1011 Vienna, Austria)

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Abstract

The effect of European integration on long-term growth of the current EU member states is studied by means of panel data methods. The length of EU membership is found to have a significant positive effect on economic growth, which is relatively higher for poorer countries. The existence of a growth bonus from EU membership appears inconsistent with neoclassical exogenous growth theory. While previous empirical studies tend not to find positive growth effects of regional integration, the present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth.

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Publisher Info
Paper provided by Oesterreichische Nationalbank (Austrian Central Bank) in its series Working Papers with number 62.

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Length: 31 pages
Date of creation: 08 Apr 2002
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Handle: RePEc:onb:oenbwp:62

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Related research
Keywords: Convergence Economic Growth European Union Threshold panel data regression

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Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data

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References listed on IDEAS
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  6. Sala-i-Martin, Xavier X., 1996. "Regional cohesion: Evidence and theories of regional growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1325-1352, June. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. George Kopits, 2002. "Central European EU Accession and Latin American Integration: Mutual Lessons in Macroeconomic Policy Design," Working Papers 75, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
  2. Buiter, Willem H & Grafe, Clemens, 2002. "Patching up the Pact: some Suggestions for Enhancing Fiscal Sustainability and Macroeconomic Stability in an Enlarged European Union," CEPR Discussion Papers 3496, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. Sjef Ederveen & Henri L.F. de Groot & Richard Nahuis, 2002. "Fertile Soil for Structural Funds?," Tinbergen Institute Discussion Papers 02-096/3, Tinbergen Institute. [Downloadable!]
  4. Arjan Lejour & Vladimir Solanic & Paul Tang, 2006. "EU accession and income growth: an empirical approach," CPB Discussion Papers 72, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  5. Sjef Ederveen & Richard Nahuis & Henri L.F. de Groot, 2003. "Fertile soil for Structural Funds? A panel data analysis of the conditional effectiveness of European cohesion policy," Working Papers 03-14, Utrecht School of Economics. [Downloadable!]
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