Growth, Convergence and EU Membership

Jesus Crespo Cuaresma, Maria Antoinette Dimitz () and Doris Ritzberger-Grünwald ()
Additional contact information
Maria Antoinette Dimitz: Oesterreichische Nationalbank, Foreign Research Division, Otto-Wagner-Platz 3, POB 61, A-1011 Vienna, Austria, http://www.oenb.at
Doris Ritzberger-Grünwald: Oesterreichische Nationalbank, http://www.oenb.at
Authors registered in the RePEc Author Service: Maria Antoinette Silgoner

Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)

Abstract: 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.

Keywords: Convergence; Economic Growth; European Union; Threshold panel data regression (search for similar items in EconPapers)
JEL-codes: C23 F15 F43 (search for similar items in EconPapers)
Pages: 31
Date: 2002-04-08
New Economics Papers: this item is included in nep-eec and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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Journal Article: Growth, convergence and EU membership (2008)
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