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Title: Institutional Integration and Economic Growth in Europe
Authors: Campos, NF
Coricelli, F
Moretti, L
Keywords: economic growth;integration;institutions;European Union;synthetic control method
Issue Date: 2018
Publisher: Elsevier
Citation: Journal of Monetary Economics, 103: pp. 88 - 104 (2019)
Abstract: The literature on the growth effects of European integration remains inconclusive. This is due to 9 severe methodological difficulties mostly driven by country heterogeneity. This paper addresses 10 these concerns using the synthetic control method. It constructs counterfactuals for countries that 11 joined the European Union (EU) from 1973 to 2004. We find that growth effects from EU 12 membership are large and positive, with Greece as the exception. Despite substantial variation 13 across countries and over time, we estimate that without European integration, per capita 14 incomes would have been, on average, approximately 10 percent lower in the first ten years after 15 joining the EU.
ISSN: 0304-3932
Appears in Collections:Dept of Economics and Finance Research Papers

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