TITLE

Growth Effects of Economic Integration: Evidence from the EU Member States

AUTHOR(S)
Badinger, Harald
PUB. DATE
April 2005
SOURCE
Review of World Economics;Apr2005, Vol. 141 Issue 1, p50
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
After compiling an index of economic integration that accounts for global (GATT) as well as regional (European) integration of the KU member states we test for permanent and temporary growth effects in a growth accounting framework, using a panel of fifteen EU member states over the period 1950-2000. While the hypothesis of permanent growth effects is rejected, the results-though not completely robust to controlling for time-specific effects-suggest sizeable level effects: GDP per capita of the EU would be approximately one-fifth lower today if no integration had taken place since 1950. JEL no. C33, E15, F43, O52.
ACCESSION #
16988167

 

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