Did the European Unification Induce Economic Growth? In Search of Scale-Effects and Persistent Changes
In 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.
|Date of creation:||15 Oct 1998|
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