In search for accumulative effects of European economic integration
AbstractThe forthcoming eastern enlargement of the European Union is generally perceived to constitute one of the most significant challenges to the process of European integration so far. The economic impact of the enlargement is likely to be considerable. The enlargement, as any other previous episodes of integration deepening or widening, is going to trigger various static as well as dynamic effects. Due to the increase in internal heterogeneity of the economic block, the effects are likely to be spatially asymmetric. From the point of view of both existing as well as acceding member states the dynamic growth or accumulative effect understood as a permanent change in the long-term average growth rate of GDP per capita is especially appealing. However, theoretical and empirical studies are rather inconclusive as to the very existence, direction and significance of long-term growth effects of economic integration in general and of European integration process in particular. The present study attempts to shed some light on the issue. The study utilizes a two-way panel data approach to analyze a balanced panel of data composed of a group of 20 developed countries covering eight consecutive subperiods between 1960-1999.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0310005.
Length: 15 pages
Date of creation: 15 Oct 2003
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Note: Type of Document - pdf; prepared on WinXP; to print on standard; pages: 15. Paper presented at the Second Annual Conference of the European Economic and Finance Society ”European Integration: Real and Financial Aspects”, Bologna, 14-16 May 2003.
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European economic integration; economic growth; panel data estimation;
Other versions of this item:
- Brodzicki Tomasz, 2003. "In search for accumulative effects of European economic integration," International Trade 0310006, EconWPA.
- Tomasz Brodzicki, 2003. "In search for accumulative effects of European economic integration," Working Papers 0301, Economics of European Integration Department, Faculty of Economics, University of Gdansk, Poland.
- F15 - International Economics - - Trade - - - Economic Integration
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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