The Introduction of the Euro and Economic Growth: some Panel Data Evidence
We use a difference in difference estimation framework to analyse the effects of the adoption of the euro on the level of per capita GDP for a sample of seventeen European countries (the EU15 plus Norway and Iceland) over the period 1990–2010. We find that the adoption of the euro may have raised th...
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Online Access: | http://hdl.handle.net/11567/767008 https://doi.org/10.1016/S1514-0326(14)60009-X |
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ftunivgenova:oai:iris.unige.it:11567/767008 2024-02-11T10:05:06+01:00 The Introduction of the Euro and Economic Growth: some Panel Data Evidence CONTI, MAURIZIO Conti, Maurizio 2014 ELETTRONICO http://hdl.handle.net/11567/767008 https://doi.org/10.1016/S1514-0326(14)60009-X eng eng info:eu-repo/semantics/altIdentifier/wos/WOS:000348672600001 volume:17 firstpage:199 lastpage:212 journal:JOURNAL OF APPLIED ECONOMICS http://hdl.handle.net/11567/767008 doi:10.1016/S1514-0326(14)60009-X info:eu-repo/semantics/altIdentifier/scopus/2-s2.0-84926014412 info:eu-repo/semantics/article 2014 ftunivgenova https://doi.org/10.1016/S1514-0326(14)60009-X 2024-01-17T17:45:54Z We use a difference in difference estimation framework to analyse the effects of the adoption of the euro on the level of per capita GDP for a sample of seventeen European countries (the EU15 plus Norway and Iceland) over the period 1990–2010. We find that the adoption of the euro may have raised the level of per capita GDP (and labour productivity) by about 4 percent. There is also some evidence that the impact of the euro has been smaller in the case of countries with a high debt-to-GDP ratio in 1999 when the euro was introduced. Results are robust to controlling for country fixed effects, time trends and to estimation strategies that control for cross-country parameter heterogeneity. Article in Journal/Newspaper Iceland Università degli Studi di Genova: CINECA IRIS Norway Journal of Applied Economics 17 2 199 211 |
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Università degli Studi di Genova: CINECA IRIS |
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English |
description |
We use a difference in difference estimation framework to analyse the effects of the adoption of the euro on the level of per capita GDP for a sample of seventeen European countries (the EU15 plus Norway and Iceland) over the period 1990–2010. We find that the adoption of the euro may have raised the level of per capita GDP (and labour productivity) by about 4 percent. There is also some evidence that the impact of the euro has been smaller in the case of countries with a high debt-to-GDP ratio in 1999 when the euro was introduced. Results are robust to controlling for country fixed effects, time trends and to estimation strategies that control for cross-country parameter heterogeneity. |
author2 |
Conti, Maurizio |
format |
Article in Journal/Newspaper |
author |
CONTI, MAURIZIO |
spellingShingle |
CONTI, MAURIZIO The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
author_facet |
CONTI, MAURIZIO |
author_sort |
CONTI, MAURIZIO |
title |
The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
title_short |
The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
title_full |
The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
title_fullStr |
The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
title_full_unstemmed |
The Introduction of the Euro and Economic Growth: some Panel Data Evidence |
title_sort |
introduction of the euro and economic growth: some panel data evidence |
publishDate |
2014 |
url |
http://hdl.handle.net/11567/767008 https://doi.org/10.1016/S1514-0326(14)60009-X |
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Norway |
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Norway |
genre |
Iceland |
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Iceland |
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info:eu-repo/semantics/altIdentifier/wos/WOS:000348672600001 volume:17 firstpage:199 lastpage:212 journal:JOURNAL OF APPLIED ECONOMICS http://hdl.handle.net/11567/767008 doi:10.1016/S1514-0326(14)60009-X info:eu-repo/semantics/altIdentifier/scopus/2-s2.0-84926014412 |
op_doi |
https://doi.org/10.1016/S1514-0326(14)60009-X |
container_title |
Journal of Applied Economics |
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17 |
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2 |
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199 |
op_container_end_page |
211 |
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1790601958052069376 |