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.

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Year of publication:	1998-10-15
Authors:	Vanhoudt, Patrick
Institutions:	Economics Institute for Research (SIR), Handelshögskolan i Stockholm
Subject:	Integration \| economic growth \| time series tests \| panel data evidence \| EU membership

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Extent:	application/pdf application/postscript
Series:	SSE/EFI Working Paper Series in Economics and Finance.
Type of publication:	Book / Working Paper
Language:	German
Notes:	The text is part of a series Working Paper Series in Economics and Finance Number 270 29 pages
Classification:	E13 - Neoclassical ; F02 - International Economic Order; Economic Integration and Globalization: General ; O52 - Europe
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005190857