Country size and the trade effects of the euro/ created by Harald Badinger and Fritz Breuss
Material type: TextSeries: Review of world economics ; Volume 145, number 2Springer, 2009Content type:- text
- unmediated
- volume
- 16102878
- HF135 REV
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HF135 REV (Browse shelf(Opens below)) | Vol. 145, no.2 (pages 207-224) | SP3243 | Not for loan | For in house use only |
This paper investigates whether small countries gain relatively more than large countries from an ‘expansion’ of their market through the creation of a single currency. The introduction of the euro offers a particularly valuable source to test this hypothesis, which we motivate using the theoretical model by Casella of the year 1996. Our results from a panel data analysis, using both aggregate and disaggregated trade data, point to a statistically significant but quantitatively moderate small country bonus. On average, the euro has led to an improvement of the small euro area’s relative export performance by 3–9%.
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