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In search for accumulative effects of European economic integration

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  • Brodzicki Tomasz

    (University of Gdansk, Faculty of Economics, Economics of European Integration Department)

Abstract

The 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.

Suggested Citation

  • Brodzicki Tomasz, 2003. "In search for accumulative effects of European economic integration," International Trade 0310006, EconWPA.
  • Handle: RePEc:wpa:wuwpit:0310006
    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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    References listed on IDEAS

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    Cited by:

    1. Tomasz Brodzicki, 2005. "Econometric Analysis of Impact of Relative Location on the Growth Effects of Economic Integration. The case of the EU," Working Papers of Economics of European Integration Division 0603, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division, revised Jan 2006.
    2. Xu, Kun & Xu, Wenli, 2015. "我国“货币中性”再检验
      [The Re-test of Monetary Neutrality in China]
      ," MPRA Paper 71080, University Library of Munich, Germany.
    3. Tomasz Brodzicki, 2006. "The scale of internal market and the growth effects of regional economic integration. The case of the EU," Working Papers of Economics of European Integration Division 0601, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division.
    4. Tomasz Brodzicki, 2005. "Relative Centrality or Peripheriality and the Growth Effects of Relative Centrality or Peripheriality and the Growth Effects of Economic Integration within the European Union," International Trade 0510005, EconWPA.

    More about this item

    Keywords

    European economic integration; economic growth; panel data estimation;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O53 - Economic Development, Innovation, 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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