Has the Euro Promoted Eurozone’s Growth?

Petros E. Ioannatos ()
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Petros E. Ioannatos: Kettering University, Postal: College of Sciences and Liberal Arts, Department of Liberal Studies, 1700 University Avenue, Flint, Michigan 48504, U.S.A.

Journal of Economic Integration, 2018, vol. 33, issue 2, 1388-1411

Abstract: This study aims to assess whether the introduction of the euro promotes systematic growth for the Eurozone. The empirical analysis is based on a natural experiment where the difference-in-differences method is applied to compare Eurozone’s growth rate with that of selected non-Eurozone economies. The major finding of the study is that there are no significant growth effects for the Eurozone emerging from the introduction of the euro.

Keywords: Currency Union; Euro; Economic and Monetary Union; Eurozone; Euro Area; European Union; Neoclassical Growth Model; Policy Evaluation; Natural Quasi Experiment; Difference-in-Differences. (search for similar items in EconPapers)
JEL-codes: C54 F15 F36 F43 F45 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0737

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