The euro’s effect on trade

Abstract

This study argues that the euro area more than doubled trade among its members, but this process was delayed and fitful. The estimates in this article are close to those obtained by Rose and Frankel, despite the usage of methods developed by their critics. Furthermore, the euro area has increased the trade of its Mediterranean members more than the trade of other member states; it also raised trade with non-members by some 35%. The article innovates mainly by constructing a more appropriate control group to the euro area, applying better controls for the Single Market, estimating differences of trade, studying the effects of the euro on different member states, using quantile regression and naturally by relying on more recent data.

Monnaie unique et intégration par le marché en Afrique: le cas de la CEEAC et de la CEDEAO

“…La première voie, qui s'inscrit dans la logique de Rose (), apprécie l'effet direct des unions monétaires sur l'intégration par le marché. Sadeh () par exemple montre que l'euro aurait augmenté le commerce des pays européens non membres de la zone euro de 35%. Pour Camarero et al .…”

“…De manière spécifique, les résultats montrent que le commerce bilatéral aurait augmenté en moyenne de 20,16% pour la CEEAC et de 63,29% pour la CEDEAO. Ce résultat, contraire à celui de Nitsch (2002) et de de Sousa (), reste conforme à celui de Rose (), Lochard (), Sadeh (), Glick et Rose (). Il rentre également en conformité avec plusieurs études menées en contexte africain (Buigut et Valev, ; Tsangarides et Qureshi, ; Zhao et Kim, ; Couharde et al ., ; Avom et Mignamissi, ).…”

The euro effect: Tourism creation, tourism diversion and tourism potential within the European Union

“…Therefore, to properly analyse the impact of the euro on international flows, the control group must be limited to the EU countries. Nevertheless, Sadeh (2014) argues that an appropriate control group must include enough countries that have not joined the euro area but that would have responded similarly to the launch of the euro had they joined it. 1 The present study analyses tourism flows between the 28-EU countries plus three non-EU countries (Switzerland, Norway and Iceland) that participate in the European Free Trade Association (EFTA), which is part of the EU's internal market.…”

Neo-Functionalism as a Theory of Disintegration

“…At the same time, recent research that focuses specifically on the effect of the common currency on trade shows that it has benefited intra-EU trade (Sadeh 2014). Sadeh (2014)'s analysis of the Euro's impact by type of MS in the period 1999-2006 also produces the interesting finding that trade increased more among peripheral states of the Eurozone (Greece, Italy, Ireland, Portugal and Spain) than among its core member states (Austria, Belgium, Finland, France, Germany and the Netherlands).…”