Author： Badinger Harald
Publisher： Routledge Ltd
ISSN： 1466-4291
Source： Applied Economics Letters, Vol.15, Iss.7, 2008-06, pp. : 557-561
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
Using a panel cointegration approach we test for technology- and investment-led growth effects of economic integration for the EU-15 Member States over the period 1960 to 2000. Integration is measured by an index that is mainly based on tariff reductions and accounts for both GATT-liberalization and European integration. We find that integration has induced sizeable level effects on GDP per capita of some 44%, with both technology-led and investment-led effects playing an important role. While integration-induced efficiency increases materialize within a few years, integration-induced effects on the equilibrium stock of capital require a long time to work themselves out.
Related content
Access to resources
Recommend
By Chaudhry Naveed Iqbal Mehmood Asif Mehmood Mian Saqib
China Finance Review International, Vol. 3, Iss. 1, 2013-01 ,pp. :
Technology spillover effects and economic integration: evidence from integrating EU countries
Applied Economics, Vol. 46, Iss. 25, 2014-09 ,pp. :