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Institutional Integration and Productivity Growth: Evidence from the 1995 Enlargement of the European Union

Ferreira Campos, N; Coricelli, F; Franceschi, E; (2022) Institutional Integration and Productivity Growth: Evidence from the 1995 Enlargement of the European Union. European Economic Review , 142 , Article 104014. 10.1016/j.euroecorev.2021.104014. Green open access

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Abstract

This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 European Union (EU) enlargement, when all candidate countries joined the Single Market but one — Norway — did not join the EU. Our synthetic difference-in-differences estimates on sectoral and regional data suggest had Norway chosen deeper integration, the average Norwegian region would have experienced an increase in yearly productivity growth of about 0.6 percentage points. This method also helps determining the sources of heterogeneity, apparently inherent to integration, highlighting higher costs of the missed deeper integration for more peripheral regions and industrial sector.

Type: Article
Title: Institutional Integration and Productivity Growth: Evidence from the 1995 Enlargement of the European Union
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.euroecorev.2021.104014
Publisher version: https://doi.org/10.1016/j.euroecorev.2021.104014
Language: English
Additional information: © 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Institutional integration, Economic integration, Productivity growth, European Union, European Economic Area
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/10139505
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