Intra-European Union trade openness and new members’ output convergence: a time-series analysis

Ingianni, Andrea (2012) Intra-European Union trade openness and new members’ output convergence: a time-series analysis. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 21 p. (Economics Discussion Paper, no. 2012/05)

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Abstract

The current literature on the 5th European Union (EU) enlargement shows widespread support of beta-convergence between old and new members but partial support in favour of stochastic convergence. In this paper, I try to assess whether this process may have been significantly facilitated by intra-EU trade using a range of cross-section or panel cointegration and causality tests. This is a possibility not accounted for in the standard neoclassical model, nor deeply investigated in the enlargement literature, but one which can potentially explain the differences researchers observe across countries. Preliminary evidence fails to confirm the predominant role of trade openness in stimulating output convergence suggested, at a more general level, by previous research.

Item Type: Monograph (Discussion Paper)
Uncontrolled Keywords: trade openness, output convergence, time-series
Research Area: Economics and econometrics
Faculty, School or Research Centre: Faculty of Arts and Social Sciences > School of Economics (until November 2012)
Depositing User: Katrina Clifford
Date Deposited: 31 Jul 2012 10:48
Last Modified: 31 Jul 2012 10:48
URI: http://eprints.kingston.ac.uk/id/eprint/23366

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