Arbeitspapier
Growth, Convergence and EU Membership
The effect of European integration on long-term growth of the current EU member states is studied by means of panel data methods. The length of EU membership is found to have a significant positive effect on economic growth, which is relatively higher for poorer countries. The existence of a growth bonus from EU membership appears inconsistent with neoclassical exogenous growth theory. While previous empirical studies tend not to find positive growth effects of regional integration, the present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 62
- Klassifikation
-
Wirtschaft
Economic Integration
Economic Growth of Open Economies
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
Convergence
Economic Growth
European Union
Threshold panel data regression
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cuaresma, Jesus Crespo
Dimitz, Maria Antoinette
Ritzberger-Grünwald, Doris
- Ereignis
-
Veröffentlichung
- (wer)
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Oesterreichische Nationalbank (OeNB)
- (wo)
-
Vienna
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cuaresma, Jesus Crespo
- Dimitz, Maria Antoinette
- Ritzberger-Grünwald, Doris
- Oesterreichische Nationalbank (OeNB)
Entstanden
- 2002