Choosing Institutional Over Economic Integration: Are There Growth Effects?

10 dicembre 2020 12:30 - 13:30
Luogo: 
evento online
Relatore/i: 
Luigi Moretti, Université Paris 1 Panthéon-Sorbonne
Seminari di dipartimento
Persona di riferimento: 
Sergio Galletta, sergio.galletta@unibg.it
Strutture interne organizzatrici: 
Dipartimento di Scienze Economiche

Lunch Seminar Economics (LSE) - 2020/2021

Interviene: Luigi Moretti, Université Paris 1 Panthéon-Sorbonne 

Link: aula virtuale Teams (accedi qui

 

Abstract 

This paper studies the effects on productivity of integration deepening. Our identification strategy uses the 1995 European Union (EU) enlargement when all four candidate countries joined the European Economic Area (economic integration) but only one (Norway) chose not to join the EU (institutional integration). Using synthetic control methods on sectoral and regional data, we find that had Norway chosen institutional instead of only economic integration in 1995, the average Norwegian region would have experienced a yearly average productivity growth increase of about half a percentage point. We also find these losses are larger for industry than for other sectors.