Institutional Integration and Economic Growth in Europe

Nauro Campos, Fabrizio Coricelli and Luigi Moretti

Post-Print from HAL

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: Integration; Institutions; European union; Synthetic control method; Economic growth (search for similar items in EconPapers)
Date: 2019-05
References: Add references at CitEc
Citations: View citations in EconPapers (79)

Published in Journal of Monetary Economics, 2019, 103, pp.88-104. ⟨10.1016/j.jmoneco.2018.08.001⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: 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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01881789

DOI: 10.1016/j.jmoneco.2018.08.001

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().