In this essay we carry out an empirical exercise on the macroeconomic effects of the European integration process that occurred between 1970 and 2000. We find that initial income per worker and country size have a noticeable influence on economic performance. More precisely, these initial conditions seem to affect wages, productivity, GDP growth, and in some cases, the size of the labour force.
- European integration
- International trade
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)