- Author
- Year
- 2002
- Title
- Has the euro increased trade?
- Number of pages
- 18
- Publisher
- Amsterdam: Tinbergen Institute
- Series
- Tinbergen Institute Discussion Paper, 2002-108/2
- Document type
- Working paper
- Faculty
- Faculty of Economics and Business (FEB)
- Institute
- Amsterdam School of Economics Research Institute (ASE-RI)
- Abstract
-
A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro-effect directly from data that include EMU observations. Using a dynamic panel model for annual bilateral exports, we find that the euro has significantly increased trade, with an effect of 4% in the first year and
cumulating to around 40% in the long-run. These estimates can be useful in the debates on whether to join the euro in countries such as the U.K. - Link
- Link
- Language
- English
- Persistent Identifier
- https://hdl.handle.net/11245/1.346999
- Downloads
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