Institutional integration and economic growth in Europe

By Nauro F. Campos, Fabrizio Coricelli, Luigi Moretti. Journal of Monetary Economics, 2019

214 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/71101275791bd4877fd71b1e437a1bd05131b618

Citations in the corpus

• Face masks considerably reduce COVID-19 cases in Germany (2020, unknown): “Although SCM appears to be a natural choice for our empirical identification strategy, we are aware that its validity depends on important practical requirements including the availability of a proper comparison group, the absence of early anticipation effects or interference from other events (10, ”