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来源类型 | ENEPRI Working Papers |
规范类型 | 论文 |
Integration and Conditional Convergence in the Enlarged EU Area | |
Ville Kaitila | |
发表日期 | 2005-02-01 |
出版年 | 2005 |
语种 | 英语 |
摘要 | This working paper analyses conditional convergence in Europe and also tries to assess the impact that arises from integration. Using a pooled mean-group estimation method, we first analyse the conditional convergence of GDP per labour force in the area covering the 15 member states of the European Union (EU-15) in 1960-2002. Conditional convergence is well-documented for the EU-15. Higher investment, lower public consumption and lower inflation have contributed positively to GDP growth. Deeper European integration is shown to have accelerated growth when inflation is not included in the specification, but not otherwise. The evidence on the effect of integration on growth is therefore mixed. We then apply the same method to estimate the growth of GDP per labour force in the new EU member states – the eight Central and Eastern European countries (CEECs) – for the period 1993-2002. These countries are shown to have converged conditionally towards the average level of GDP per labour force in the EU-15. Higher investment and lower public consumption have also supported growth in the CEECs. |
主题 | Economy and Finance |
URL | https://www.ceps.eu/publications/integration-and-conditional-convergence-enlarged-eu-area |
来源智库 | Centre for European Policy Studies (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/62959 |
推荐引用方式 GB/T 7714 | Ville Kaitila. Integration and Conditional Convergence in the Enlarged EU Area. 2005. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
1196.pdf(207KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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