Cieślik, Andrzej; Turgut, Mehmet Burak - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-15
In this paper, we study the growth effects of the 2004 Eastern enlargement of the European Union (EU) using the synthetic control method. We estimate that this EU enlargement had an immediate but modest positive impact on the economic growth of the EU-8 countries in the first few years following...