Institutional integration and economic growth in Europe

Nauro Campos, Fabrizio Coricelli and Luigi Moretti

Journal of Monetary Economics, 2019, vol. 103, issue C, 88-104

Abstract: The literature on the growth effects of European integration remains inconclusive. This is due to severe methodological difficulties mostly driven by country heterogeneity. This paper addresses these concerns using the synthetic control method. It constructs counterfactuals for countries that joined the European Union (EU) from 1973 to 2004. We find that growth effects from EU membership are large and positive, with Greece as the exception. Despite substantial variation across countries and over time, we estimate that without European integration, per capita incomes would have been, on average, approximately 10% lower in the first ten years after joining the EU.

Keywords: Economic growth; Integration; Institutions; European union; Synthetic control method (search for similar items in EconPapers)
JEL-codes: C33 F15 N14 N44 O52 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (80)

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Related works:
Working Paper: Institutional Integration and Economic Growth in Europe (2019)
Working Paper: Institutional Integration and Economic Growth in Europe (2019)
Working Paper: Institutional Integration and Economic Growth in Europe (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:103:y:2019:i:c:p:88-104

DOI: 10.1016/j.jmoneco.2018.08.001

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