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Euro Area Accession and its Effect on Manufacturing

Magdalena Vlahova-Veleva ()
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Magdalena Vlahova-Veleva: Sofia University “St. Kliment Ohridski”, Faculty of Economics and Business Administration

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: A single currency could bring both benefits and challenges, hence, this paper examines one of the various dimensions of euro adoption. Moreover, although previous studies have illuminated the euro effect on inflation and trade, the research on manufacturing remains limited. The paper aims to make an assessment of whether euro area accession has an impact on industrial output in the context of the manufacturing sector, as this sector is considered to have a crucial role for sustainable economic growth. The research fits a panel regression model for seven-euro area member states from Central and Eastern Europe and covers a 16-year period from 2003 to 2018. The findings suggest that the participation in the monetary union might increase manufacturing turnover for its members.

Keywords: Economic and Monetary Union; euro; panel regression; manufacturing. (search for similar items in EconPapers)
JEL-codes: E50 F45 L60 O52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-mac and nep-tra
Date: 2019-07, Revised 2019-07
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https://www.uni-sofia.bg/index.php/eng/content/dow ... file/BEP-2019-06.pdf First version, 2019 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2019-06

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