Arbeitspapier

The Impact of EU Accession on Regional Business Cycle Synchronisation and Sector Specialisation

According to difference-in-difference estimates business cycle synchronisation and similarity in sector structures between acceding and pre-existing regions reduced after Eastern Enlargement. Results for Northern enlargement are more ambiguous. In both enlargements, however, region pairs affected by enlargement with highly synchronised business cycles before enlargement experienced smaller increases in business cycle synchronisation and weaker reductions of structural differences relative to similar unaffected region pairs than region pairs with less synchronised business cycles. Similarly, affected regions that were more similar in terms of sector structure before enlargement experienced larger reductions in structural differences and business cycle synchronisation than similar unaffected region pairs.

Language
Englisch

Bibliographic citation
Series: WIFO Working Papers ; No. 494

Classification
Wirtschaft
Subject
business cycle correlation
sector specialisation
EU enlargement
difference-in-difference

Event
Geistige Schöpfung
(who)
Bierbaumer-Polly, Jürgen
Huber, Peter
Rozmahel, Petr
Event
Veröffentlichung
(who)
Austrian Institute of Economic Research (WIFO)
(where)
Vienna
(when)
2015

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Bierbaumer-Polly, Jürgen
  • Huber, Peter
  • Rozmahel, Petr
  • Austrian Institute of Economic Research (WIFO)

Time of origin

  • 2015

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