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Bierbaumer-Polly, Jürgen
Huber, Peter
Rozmahel, Petr
Year of Publication: 
Series/Report no.: 
WIFO Working Papers 494
According to difference-in-difference estimates business cycle synchronisation and similarity in sector structures between acceding and pre-existing regions reduced after Eastern Enlargement. Results for Northern enlargement are more ambiguous. In both enlargements, however, region pairs affected by enlargement with highly synchronised business cycles before enlargement experienced smaller increases in business cycle synchronisation and weaker reductions of structural differences relative to similar unaffected region pairs than region pairs with less synchronised business cycles. Similarly, affected regions that were more similar in terms of sector structure before enlargement experienced larger reductions in structural differences and business cycle synchronisation than similar unaffected region pairs.
business cycle correlation
sector specialisation
EU enlargement
Document Type: 
Working Paper

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