European monetary integration, TFP and productivity convergence

Sotiris Papaioannou ()

Economics Letters, 2021, vol. 199, issue C

Abstract: I explore if the creation of the Economic and Monetary Union affected productivity performance of its member countries. Synthetic control and difference in differences econometric estimates show that following the introduction of the euro TFP improved and productivity gaps against the U.S. narrowed.

Keywords: Total factor productivity; European and monetary union; Synthetic control method (search for similar items in EconPapers)
JEL-codes: F15 O47 O52 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:199:y:2021:i:c:s0165176520304560

DOI: 10.1016/j.econlet.2020.109696

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