European integration, productivity growth and real convergence

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dc.citation.epage1395en_US
dc.citation.issueNumber6en_US
dc.citation.spage1370en_US
dc.citation.volumeNumber51en_US
dc.contributor.authorKutan, A. M.en_US
dc.contributor.authorYigit, T. M.en_US
dc.date.accessioned2015-07-28T12:06:59Z
dc.date.available2015-07-28T12:06:59Z
dc.date.issued2007en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper derives a stochastic endogenous growth model to investigate the impact of European Union (EU) integration on convergence and productivity growth. The theoretical model implies both temporary and permanent positive effects of the integration process. The empirical part of the analysis uses structural break tests and data envelopment analysis to examine the accession process of five recent members to the EU15. The results show (i) endogenously identified accession dates as structural breaks, (ii) improved rates of productivity growth after accession over and above the Union benchmark level, and (iii) increased pace of overall growth due to capital accumulation as a result of institutional features of the Union such as Structural and Cohesion Funds. These findings support the theoretical model, implying that economic integration is beneficial for member countries, especially from a long-run perspective, and Cohesion and Structural funds help the new members catch up with the core-EU members' standard of living. (c) 2006 Elsevier B.V. All rights reserved.en_US
dc.description.provenanceMade available in DSpace on 2015-07-28T12:06:59Z (GMT). No. of bitstreams: 1 10.1016-j.euroecorev.2006.11.001.pdf: 331205 bytes, checksum: 7048161ec623253c882e22ae4efbee83 (MD5)en
dc.identifier.doi10.1016/j.euroecorev.2006.11.001en_US
dc.identifier.eissn1873-572X
dc.identifier.issn0014-2921
dc.identifier.urihttp://hdl.handle.net/11693/13567
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.euroecorev.2006.11.001en_US
dc.source.titleEuropean Economic Reviewen_US
dc.subjectIntegrationen_US
dc.subjectGrowthen_US
dc.subjectEuropean Unionen_US
dc.subjectStructural breaken_US
dc.subjectProductivityen_US
dc.subjectEfficiencyen_US
dc.subjectStructural and cohesion fundsen_US
dc.titleEuropean integration, productivity growth and real convergenceen_US
dc.typeArticleen_US

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