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Journal of Economic Integration 2018 June;33(2) :1388-1411.
DOI: https://doi.org/10.11130/jei.2018.33.2.1389
Has the Euro Promoted Eurozone’s Growth?
Petros E. Ioannatos 
Kettering University, Michigan, United States
Corresponding Author: Petros E. Ioannatos ,Tel: +(810) 762-7955, Fax: +(810) 762-9857, Email: pioannat@kettering.edu
Copyright ©2018 Journal of Economic Integration
ABSTRACT
This study aims to assess whether the introduction of the euro promotes systematic growth for the Eurozone. The empirical analysis is based on a natural experiment where the difference-in-differences method is applied to compare Eurozone’s growth rate with that of selected non-Eurozone economies. The major finding of the study is that there are no significant growth effects for the Eurozone emerging from the introduction of the euro.

JEL Classification
F15: Economic Integration
F36: Financial Aspects of Economic Integration
F43: Economic Growth of Open Economies
F45: Macroeconomic Issues of Monetary Unions
C54: Quantitative Policy Modeling
Keywords: Currency Union | Euro | Economic and Monetary Union | Eurozone | Euro Area | European Union | Neoclassical Growth Model | Policy Evaluation | Natural Quasi Experiment | Difference-in-Differences
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