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Impact of European Integration Process in Spain

  • Almudena Martinez-Campillo
  • Mª del Pilar Sierra-Fernández
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    This paper analyzes the effect of the European Economic and Monetary Union on export flows from a Spanish region (Castilla y León) to the EU-27 countries during the last years Applying static panel data estimation technique, this study finds that exporter and importer incomes, exporter population, distance, and a common land border are the main explanatory factors of exports from this Spanish region. Moreover, the EU membership of the importer country only caused positive and significant effects between 1994 and 1996, whereas the EMU membership reduced export flows from Castilla y León to the European countries during the whole period.

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    Article provided by European Research Studies Journal in its journal European Research Studies Journal.

    Volume (Year): XV (2012)
    Issue (Month): 2 ()
    Pages: 57-80

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    Handle: RePEc:ers:journl:v:xv:y:2012:i:2:p:57-80
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