Return to search

Estimating the Euro effect with Synthetic Control Method for Eastern Europe / Estimating the Euro effect with Synthetic Control Method for Eastern Europe

Estimating the Euro effect with Synthetic Control Method for Eastern Europe Abstract This thesis estimates the effect of Euro adoption on newest Eurozone members using synthetic control method. The effect is estimated on income per capita and GDP growth. Estimates indicate overall indecisive effect for Slovakia and Malta, neutral effect for Estonia and negative effect for Slovenia and Cyprus. The cost of Euro for Cyprus is estimated to be as high as 1/3 of GDP per capita. In some cases the direction of the effect changed before and after the financial crisis. The quality of inference suffers from low number of observations. Methodological assumptions are discussed, concluding that quality of Eastern European time series likely causes substantial bias in the results.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:331735
Date January 2015
CreatorsJanota, Martin
ContributorsTeplý, Petr, Vošvrda, Miloslav
Source SetsCzech ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

Page generated in 0.0019 seconds