The Impact of EU Accession on Regional Business Cycle Synchronisation and Sector Specialisation

Juergen Bierbaumer-Polly, Peter Huber and Petr Rozmahel ()

No 494, WIFO Working Papers from WIFO

Abstract: According to difference-in-difference estimates business cycle synchronisation and similarity in sector structures between acceding and pre-existing regions reduced after Eastern Enlargement. Results for Northern enlargement are more ambiguous. In both enlargements, however, region pairs affected by enlargement with highly synchronised business cycles before enlargement experienced smaller increases in business cycle synchronisation and weaker reductions of structural differences relative to similar unaffected region pairs than region pairs with less synchronised business cycles. Similarly, affected regions that were more similar in terms of sector structure before enlargement experienced larger reductions in structural differences and business cycle synchronisation than similar unaffected region pairs.

Keywords: EU enlargement; business cycle correlation; difference-in-difference; sector specialisation (search for similar items in EconPapers)
Pages: 37 pages
Date: 2015-01
New Economics Papers: this item is included in nep-agr, nep-bec, nep-mac and nep-tra
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https://www.wifo.ac.at/wwa/pubid/50930 abstract (text/html)

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Working Paper: The Impact of EU-Accession on Regional Business Cycle Synchronization and Sector Specialization (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2015:i:494

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