The Impact of EU-Accession on Regional Business Cycle Synchronization and Sector Specialization

Juergen Bierbaumer-Polly, Peter Huber and Petr Huber

VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: According to difference-in-difference estimates business cycle synchronization 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 synchronized business cycles before enlargement experienced smaller increases in business cycle synchronization and weaker reductions of structural differences relative to similar unaffected region pairs than region pairs with less synchronized 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 synchronization than similar unaffected region pairs.

JEL-codes: E32 F15 R11 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-bec, nep-mac and nep-tra
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Related works:
Working Paper: The Impact of EU Accession on Regional Business Cycle Synchronisation and Sector Specialisation (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:113154

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