{"id":125054,"date":"2024-01-23T09:29:21","date_gmt":"2024-01-23T08:29:21","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/125054\/"},"modified":"2025-10-22T22:09:25","modified_gmt":"2025-10-22T20:09:25","slug":"regional-business-cycle-synchronization-sector-specialization-and-eu-accession","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/125054\/","title":{"rendered":"Regional Business-Cycle Synchronization, Sector Specialization and EU Accession"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-125054","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"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.","onlinedate":"2016-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20160101","publication_date_year":"2016","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/59357","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"54","monthly_report_pages":"544-568","monthly_report_pages_sort":"544","issue":"3","journal":"Journal of Common Market Studies","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3481,3500],"collaboration":"","persons":[3621,3537,4639],"persons_data":"[{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]},{\"personId\":3537,\"personName\":\"J\u00fcrgen Bierbaumer-Polly\",\"organisationNames\":[]},{\"personId\":4639,\"personName\":\"Petr Rozmahel\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[41003],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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