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Economic integration, efficiency and economic growth: the European Union experience

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  • Joaquin Maudos
  • Jose Pastor
  • Lorenzo Seranno

Abstract

The aim of this paper is to analyse the effect of the process of progressive economic integration among the countries of Europe on their economic evolution, paying special attention to gains in efficiency and productivity. We use a nonparametric frontier technique together with the construction of Malmquist indices to permit analysis of the contribution of efficiency to gains in productivity. For this purpose we study the evolution of the countries of the European Union and the impact on efficiency and productivity of the successive expansions during the period 1965-90.

Suggested Citation

  • Joaquin Maudos & Jose Pastor & Lorenzo Seranno, 1999. "Economic integration, efficiency and economic growth: the European Union experience," Applied Economics Letters, Taylor & Francis Journals, vol. 6(6), pages 389-392.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:6:p:389-392
    DOI: 10.1080/135048599353159
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    References listed on IDEAS

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    1. MacDonald, James M, 1994. "Does Import Competition Force Efficient Production?," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 721-727, November.
    2. Jong-Wha Lee, 1993. "International Trade, Distortions, and Long-Run Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 299-328, June.
    3. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    4. Francois, Joseph & McDonald, Brad & Nordström, Håkan, 1994. "The Uruguay Round: A Global General Equilibrium Assessment," CEPR Discussion Papers 1067, C.E.P.R. Discussion Papers.
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    Cited by:

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    2. Jacob A. Bikker & Jaap W.B. Bos, 2005. "Trends in Competition and Profitability in the Banking Industry: A Basic Framework," SUERF Studies, SUERF - The European Money and Finance Forum, number 2005/2 edited by Morten Balling, April.
    3. José M. Pastor & Lorenzo Serrano, 2012. "European Integration and Inequality among Countries: A Lifecycle Income Analysis," Review of International Economics, Wiley Blackwell, vol. 20(1), pages 186-199, February.
    4. Sacit Hadi Akdede & Jinyoung Hwang, 2008. "Empirical investigation of disintegrations and nationalism," Applied Economics Letters, Taylor & Francis Journals, vol. 15(13), pages 1065-1071.
    5. Harald Badinger, 2008. "Technology- and investment-led growth effects of economic integration: a panel cointegration analysis for the EU-15 (1960-2000)," Applied Economics Letters, Taylor & Francis Journals, vol. 15(7), pages 557-561.

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