Regional Business-Cycle Synchronization, Sector Specialization and EU Accession

Kód výsledku v IS VaVaI

RIV/62156489:43110/16:43907932 - isvavai.cz

Výsledek na webu

http://dx.doi.org/10.1111/jcms.12296

DOI - Digital Object Identifier

10.1111/jcms.12296

Jazyk výsledku

angličtina

Název v původním jazyce

Regional Business-Cycle Synchronization, Sector Specialization and EU Accession

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Regional Business-Cycle Synchronization, Sector Specialization and EU Accession

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Common Market Studies

ISSN

0021-9886

e-ISSN

—

Svazek periodika

54

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

25

Strana od-do

544-568

Kód UT WoS článku

000374335700004

EID výsledku v databázi Scopus

2-s2.0-84938304360