Systematic growth asymmetry in the Eurozone? Evidence from a natural experiment

Abbott, 2011, Evidence on the impact of exchange rate regimes on bilateral FDI flows, Journal of Economics Studies, 38, 253, 10.1108/01443581111152382 Alessandrini, 2014, External imbalances and financial fragility in the euro area, Open Economies Review, 25, 3, 10.1007/s11079-013-9305-5 Anja, 2013, Debt and growth: New evidence from the euro area, Journal of International Money and Finance, 32, 809, 10.1016/j.jimonfin.2012.07.004 Baldwin, 2008 Barrell, 2008 Barro, 2013, A new dataset of education attainment in the World, 1950-2010, Journal of Development Economics, 104, 184, 10.1016/j.jdeveco.2012.10.001 Berger, 2008, Zooming out: The trade effect of the euro in historical perspective, Journal of International Money and Finance, 27, 1244, 10.1016/j.jimonfin.2008.07.005 Bernanke, 2001 Breton, 2013, Were Mankiw, romer and weil right? A reconciliation of the micro and macro effects of schooling on income, Macroeconomic Dynamics, 17, 1023, 10.1017/S1365100511000824 Brouwer, 2008, The trade and FDI effects of EMU enlargement, Journal of International Money and Finance, 27, 188, 10.1016/j.jimonfin.2007.12.005 Bun, 2007, The euro effect on trade is not as large as commonly thought, Oxford Bulletin of Economics & Statistics, 69, 473, 10.1111/j.1468-0084.2007.00448.x Burhan, 2014, The impact of low, average, and high IQ on economic growth and technological progress: Do all individuals contribute equally?, Intelligence, 46, 1, 10.1016/j.intell.2014.04.006 Christodoulopoulou, 2014, The effect of currency unions on business cycle correlations: The EMU case, Empirica, 41, 177, 10.1007/s10663-012-9207-6 Conti, 2014, The introduction of the euro and economic growth: Some panel data evidence, Journal of Applied Economics, 17, 199, 10.1016/S1514-0326(14)60009-X De Grauwe, 2014, How much fiscal discipline in a monetary union?, Journal of Macroeconomics, 39, 348, 10.1016/j.jmacro.2013.08.016 De Sousa, 2012, The currency union effect on trade is decreasing over time, Economics Letters, 117, 917, 10.1016/j.econlet.2012.07.009 Diaz-sanchez, 2016, Tracking the causes of Eurozone external imbalances: New evidence and some policy implications, International Economics and Economic Policy, 13, 641, 10.1007/s10368-015-0316-0 Dreger, 2013, Does the euro area membership affect the relationship between GDP growth the public debt?, Journal of Macroeconomics, 38, 481, 10.1016/j.jmacro.2013.07.012 Dreyer, 2017, Growth effects of EU and EZ memberships: Empirical findings from the first 15 years of the Euro, Economic Modelling, 67, 45, 10.1016/j.econmod.2016.09.007 Feenstra, 2015, The next generation of the Penn World table, American Economic Review, 105, 3150, 10.1257/aer.20130954 Fischer, 2011, A spatial mankiw-romer-weil model: Theory and evidence, The Annals of Regional Science, 47, 419, 10.1007/s00168-010-0384-6 Fischer, 2018, Spatial externalities and growth in a mankiw-romer-weil World: Theory and evidence, International Regional Science Review, 41, 45, 10.1177/0160017616628602 Flassbeck, 2011, The euro – a story of misunderstanding, Intereconomics, 46, 180, 10.1007/s10272-011-0381-8 Glick, 2002, Does a currency union affect trade? The time series evidence, European Economic Review, 46, 1125, 10.1016/S0014-2921(01)00202-1 Goncalves, 2009, Correlation of business cycles in the euro zone, Economics Letters, 102, 56, 10.1016/j.econlet.2008.11.011 Gyoerk, 2017, Economic costs and benefits of EMU membership from the perspective of a non-member, Open Economies Review, 28, 1, 10.1007/s11079-017-9466-8 Hausman, 1978, Specification tests in econometrics, Econometrica, 46, 1251, 10.2307/1913827 Hebous, 2013, Estimating the effects of coordinated fiscal actions in the euro area, European Economic Review, 58, 110, 10.1016/j.euroecorev.2012.12.002 Holtemöller, 2013, Has the euro increased international price elasticities?, Empirica, 40, 197, 10.1007/s10663-011-9182-3 Ioannatos, 2018, Has the euro promoted Eurozone's growth?, Journal of Economic Integration, 33, 1388, 10.11130/jei.2018.33.2.1389 Ioannatos, 2021, Brexit or euro for the UK? Evidence from panel data, Comparative Economic Studies, 63, 117, 10.1057/s41294-020-00119-y Kunroo, 2016, Trade implications of the euro in EMU countries: A panel gravity analysis, Empirica, 43, 391, 10.1007/s10663-016-9334-6 Lane, 2006, The real effects of European monetary union, Journal Of Economic Perspectives, 20, 47, 10.1257/jep.20.4.47 Levin, 2002, Unit root tests in panel data: Asymptotic and finite-sample properties, Journal of Econometrics, 108, 1, 10.1016/S0304-4076(01)00098-7 Lin, 2017, Assessing the growth effect of common currency adoption: Synthetic control approach, Journal of Finance and Economics, 5, 269 Mankiw, 1992, A contribution to the empirics of economic growth, Quarterly Journal of Economics, 107, 407, 10.2307/2118477 Meyer, 1995, Natural and Quasi-experiments in economics, Journal of Business & Economic Statistics, 13, 151 Mundell, 2000, 440 Mundell, 2003, The significance of the euro in the international monetary system, American Economist, 47, 27, 10.1177/056943450304700203 Nikas, 2019, The euro area: Does one currency fit all?, International Review of Applied Economics, 33, 642, 10.1080/02692171.2018.1516742 Nitsch, 2008 Penn World Table Pesaran, 2004 Pesaran, 2008, Testing slope homogeneity in large panels, Journal of Econometrics, 142, 50, 10.1016/j.jeconom.2007.05.010 Petroulas, 2007, The effect of euro on foreign direct investment, European Economic Review, 51, 1468, 10.1016/j.euroecorev.2006.10.005 Psacharopoulos, 1994, Returns to investment in education: A global update, World Development, 22, 1325, 10.1016/0305-750X(94)90007-8 Ram, 2007, IQ and economic growth: Further augmentation of Mankiw–Romer–Weil model, Economics Letters, 94, 7, 10.1016/j.econlet.2006.05.005 Rose, 2000, One money, one market: The effect of common currencies on trade, Economic Policy, 30, 7 Rose, 2001, Currency unions and trade: The effect is large, Economic Policy, 33, 449, 10.1111/1468-0327.00082 Schiavo, 2007, Common currencies and FDI flows, Oxford Economic Papers, 59, 536, 10.1093/oep/gpl036 Senjur, 2012, A competitive growth of a small middle-income country in the Eurozone is far to be assured, International Economics and Economic Policy, 9, 213, 10.1007/s10368-012-0215-6 Summers, 1988, A new set of international comparisons of real product and price levels: Estimates for 130 countries, Review of Income and Wealth, 34, 1, 10.1111/j.1475-4991.1988.tb00558.x Teulon, 2011, EMU: The sustainability issue, International Journal of Business, 16, 272 Vickers, 2000 White, 1980, A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica, 48, 817, 10.2307/1912934 Wickens, 2010, Some unpleasant consequences of EMU, Open Economies Review, 21, 351, 10.1007/s11079-010-9175-z Wooldridge, 2002 Wooldridge, 2013 Wyplosz, 2006, European monetary union: The dark sides of a major success, Economic Policy, 21, 207, 10.1111/j.1468-0327.2006.00158.x Zestos, 2016, Causality within the euro area? Trade surpluses in the north versus public debt in the south, Journal of Economic Integration, 31, 898, 10.11130/jei.2016.31.4.898