Further publications of the WIFO research staff members

The extensive publication activities of the staff members mirror the close links with the international scientific community.

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Weitere Publikationen: Jürgen Bierbaumer-Polly(3 hits)

Peter Huber, Jürgen Bierbaumer-Polly, Petr Rozmahel, Regional Business-Cycle Synchronization, Sector Specialization and EU Accession

Journal of Common Market Studies, 2016, (3), pp.544-568
We examine the effects of Eastern and Northern enlargement of the EU on regional business-cycle synchronisation and sector specialisation. Difference-in-difference estimates show that cyclical synchronicity decreased and differences in sector structure increased in acceding region-pairs after Eastern enlargement. For Northern enlargement, results are more ambiguous. Moreover, in both enlargement episodes, region-pairs with highly synchronous business cycles before accession experienced weaker cyclical and structural convergence than region-pairs with less synchronous cycles. Likewise, region-pairs with more similar sector structures before accession experienced stronger divergence (or weaker convergence) of structural similarity and business-cycle synchronicity after the enlargement. We argue that these results call for developing more differentiated hypotheses on EU enlargement's effects on business-cycle synchronisation and sector specialisation.