Regional Business‐Cycle Synchronization, Sector Specialization and EU Accession
Bibliographic Data
| ID | 6279652 |
|---|---|
| Authors | Jürgen Bierbaumer‐polly (Austrian Institute of Economic Research, corresponding author), Peter Huber (0000-0001-6263-6395, Austrian Institute of Economic Research, corresponding author), Petr Rozmahel (0000-0002-8862-4875, Mendel University in Brno, corresponding author) |
| Year | 2016 |
| Volume | 54 |
| Issue | 3 |
| Pages | 544-568 |
| Publication date | 2016-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.12296 |
| OpenAlex | W2148290984 |
| Language | EN |
| Citations received | 2 |
| References cited | 24 |
We examine the effects of Eastern and Northern enlargement of the EU on regional business‐cycle synchronization and sector specialization. Difference‐in‐difference estimates show that cyclical synchronicity decreased and differences in sector structure increased in acceding region‐pairs after Eastern enlargement. For Northern enlargement, results are more ambiguous. Moreover, in both enlargement episodes, region‐pairs with highly synchronous business cycles before accession experienced weaker cyclical and structural convergence than region‐pairs with less synchronous cycles. Likewise, region‐pairs with more similar sector structures before accession experienced stronger divergence (or weaker convergence) of structural similarity and business‐cycle synchronicity after the enlargement. We argue that these results call for developing more differentiated hypotheses on EU enlargement's effects on business‐cycle synchronization and sector specialization
Accession · Business · Business cycle · Convergence (economics · Divergence (linguistics · Economic geography · Economics · European union · International economics · Macroeconomics · Resizing · Synchronicity · Synchronization (alternating current · Economic Policies and Impacts · Global Financial Crisis and Policies · Mathematics · Monetary Policy and Economic Impact
| Citations per year | 0.2 |
|---|---|
| Citation span | 2016 - 2021 (6) |
| Highly cited | No |