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Has the Euro Promoted Eurozone’s Growth?

Author

Listed:
  • Ioannatos, Petros E.

    (Kettering University)

Abstract

This study aims to assess whether the introduction of the euro promotes systematic growth for the Eurozone. The empirical analysis is based on a natural experiment where the difference-in-differences method is applied to compare Eurozone’s growth rate with that of selected non-Eurozone economies. The major finding of the study is that there are no significant growth effects for the Eurozone emerging from the introduction of the euro.

Suggested Citation

  • Ioannatos, Petros E., 2018. "Has the Euro Promoted Eurozone’s Growth?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 33(2), pages 1388-1411.
    • Handle: RePEc:ris:integr:0737
    as

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    Citations

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    Cited by:

    1. Ionel Bostan & Otilia-Roxana Oprea & Ovidiu Stoica, 2020. "Approaching Monetary Integration in the Context of the Imperative to Ensure the Sustainable Growth in the EU," Sustainability, MDPI, vol. 12(17), pages 1-15, August.
    2. Ioannatos, Petros E., 2021. "Systematic growth asymmetry in the Eurozone? Evidence from a natural experiment," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).

    More about this item

    Keywords

    Currency Union; Euro; Economic and Monetary Union; Eurozone; Euro Area; European Union; Neoclassical Growth Model; Policy Evaluation; Natural Quasi Experiment; Difference-in-Differences.;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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