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European Integration, Economic Growth and Convergence - An Analysis of EU Membership Implications on Long Run Growth

Edberg Thorén, Alexander LU (2019) NEKP01 20191
Department of Economics
Abstract
The economic role of the European Union is ever more questioned around
the continent and is driven forward by increasingly popular political powers
in various European countries. This study attempts to analyse the economic
implications of the EU membership on member states, and if effects of
varying extent can be observed for different parts of the union. It is observed
that in the short run, there is a slightly negative effect on growth, possibly as
a result of certain initial costs associated with the membership. The results
conclude however that significant positive and increasing effects on
economic growth, due to EU membership, can be determined in the medium
to long run for Eastern European countries as well as for member... (More)
The economic role of the European Union is ever more questioned around
the continent and is driven forward by increasingly popular political powers
in various European countries. This study attempts to analyse the economic
implications of the EU membership on member states, and if effects of
varying extent can be observed for different parts of the union. It is observed
that in the short run, there is a slightly negative effect on growth, possibly as
a result of certain initial costs associated with the membership. The results
conclude however that significant positive and increasing effects on
economic growth, due to EU membership, can be determined in the medium
to long run for Eastern European countries as well as for member states with
relatively lower GDP per capita. There was no significant evidence
suggesting likewise for Western European countries and those with relatively
higher GDP per capita. (Less)
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author
Edberg Thorén, Alexander LU
supervisor
organization
course
NEKP01 20191
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Convergence, Economic Growth, European Union, Mean Group Estimator, Panel Data, Regional Integration
language
English
id
8994123
date added to LUP
2020-02-27 13:56:36
date last changed
2020-02-27 13:56:36
@misc{8994123,
  abstract     = {The economic role of the European Union is ever more questioned around
the continent and is driven forward by increasingly popular political powers
in various European countries. This study attempts to analyse the economic
implications of the EU membership on member states, and if effects of
varying extent can be observed for different parts of the union. It is observed
that in the short run, there is a slightly negative effect on growth, possibly as
a result of certain initial costs associated with the membership. The results
conclude however that significant positive and increasing effects on
economic growth, due to EU membership, can be determined in the medium
to long run for Eastern European countries as well as for member states with
relatively lower GDP per capita. There was no significant evidence
suggesting likewise for Western European countries and those with relatively
higher GDP per capita.},
  author       = {Edberg Thorén, Alexander},
  keyword      = {Convergence,Economic Growth,European Union,Mean Group Estimator,Panel Data,Regional Integration},
  language     = {eng},
  note         = {Student Paper},
  title        = {European Integration, Economic Growth and Convergence - An Analysis of EU Membership Implications on Long Run Growth},
  year         = {2019},
}