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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0310006.
Length: 15 pages
Date of creation: 15 Oct 2003
Date of revision:
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.
Contact details of provider:
Web page: http://184.108.40.206
European economic integration; economic growth; panel data estimation;
Other versions of this item:
- 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.
- Brodzicki Tomasz, 2003. "In search for accumulative effects of European economic integration," International Trade 0310005, EconWPA.
- 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; Longitudinal Data; Spatial Time Series
This paper has been announced in the following NEP Reports:
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.:
- Levine, Ross & Renelt, David, 1991.
"A sensitivity analysis of cross-country growth regressions,"
Policy Research Working Paper Series
609, The World Bank.
- Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-63, September.
- Henrekson, Magnus & Torstensson, Rasha, 1996.
"Growth Effects of European Integration,"
CEPR Discussion Papers
1465, C.E.P.R. Discussion Papers.
- Magnus Henrekson & Johan Torstensson & Rasha Torstensson,, . "Growth Effects of European Integration," Discussion Papers 96/1, University of Nottingham, CREDIT.
- Henrekson, Magnus & Torstensson, Johan & Torstensson, Rasha, 1995. "Growth Effects of European Integration," Working Paper Series 439, Research Institute of Industrial Economics.
- Devereux, M.B. & Lapham, B.J., 1993. "The Stability of Economic Integration and Endogenous Growth," UBC Departmental Archives 93-08, UBC Department of Economics.
- Haveman, Jon D & Lei, Vivian & Netz, Janet S, 2001. "International Integration and Growth: A Survey and Empirical Investigation," Review of Development Economics, Wiley Blackwell, vol. 5(2), pages 289-311, June.
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 94(5), pages 1002-37, October.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Baldwin, Richard E & Forslid, Rikard, 2000. "The Core-Periphery Model and Endogenous Growth: Stabilizing and Destabilizing Integration," Economica, London School of Economics and Political Science, vol. 67(267), pages 307-24, August.
- Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(2), pages 407-37, May.
- Bennett T. McCallum, 1996.
"Neoclassical vs. endogenous growth analysis: an overview,"
Federal Reserve Bank of Richmond, issue Fall, pages 41-71.
- Bennett T. McCallum, 1997. "Neoclassical vs. Endogenous Growth Analysis: An Overview," NBER Working Papers 5844, National Bureau of Economic Research, Inc.
- Luis A. Rivera-Batiz & Paul M. Romer, 1990.
"Economic Integration and Endogenous Growth,"
NBER Working Papers
3528, National Bureau of Economic Research, Inc.
- Frenkel, Michael & Trauth, Thomas, 1997. "Growth effects of integration among unequal countries," Global Finance Journal, Elsevier, vol. 8(1), pages 113-128.
- Vanhoudt, Patrick, 1998.
"Did the European Unification Induce Economic Growth? In Search of Scale-Effects and Persistent Changes,"
Working Paper Series in Economics and Finance
270, Stockholm School of Economics.
- 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.
- Michael B. Devereux & Beverly J. Lapham, 1993.
"The Stability of Economics Integration and Endogenous Growth,"
878, Queen's University, Department of Economics.
- Devereux, Michael B & Lapham, Beverly J, 1994. "The Stability of Economic Integration and Endogenous Growth," The Quarterly Journal of Economics, MIT Press, vol. 109(1), pages 299-305, February.
- Athanasios Vamvakidis, 1999. "Regional Trade Agreements or Broad Liberalization: Which Path Leads to Faster Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 46(1), pages 3.
- SALA, Davide, 2007. "Three Essays on International Trade," Economics Dissertations urn:hdl:1814/6937, European University Institute.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.