Join to Prosper? An Empirical Analysis of EU Membership and Economic Growth
通过多种估计策略、时间段、国家样本和数据集,检验欧盟成员国身份是否促进了经济增长,结果未能发现显著的成员身份增长溢价,提醒对欧盟促进繁荣的说法保持谨慎。
Summary We explore whether EU membership has led to faster economic growth. Using different estimation strategies, different time periods, different country samples, and different datasets, we are unable to demonstrate the presence of a membership growth premium. This may reflect that GDP data are too noisy and/or causal identification too complicated, in which case we should remain agnostic about the EU's growth impact. Alternatively, it may reflect that EU membership simply has no effect on economic growth. Either way, these findings urge strong caution about one of EU membership's key alleged benefits: greater economic prosperity.