6. júla 2016/Odborné štúdie, Publikácie
Five Years in a Balloon: Estimating the Effects of Euro Adoption in Slovakia Using the Synthetic Control Method
OECD Economics Department Working Papers, no. 1317, July 2016.
Abstrakt
We analyse the effect of Slovakia’s euro adoption in 2009 on the country’s economic performance by
using the synthetic control method. This method compares Slovakia’s economic performance with that of a
weighted combination of comparable Central European economies that have remained outside the Euro
zone. We estimate that by adopting the euro, Slovakia gained 10% of real GDP per capita by 2011. Strong
anticipation effects are present as two thirds of this gain occurred already in 2008. Nevertheless, had
Slovakia postponed adoption of the EUR by one year and kept its own currency during the recession in
2009, the economy would have been temporarily better off that year by 2%. These results survive various
robustness tests.
Zhrnutie
Autori
Zdroj
Citácia
Engin Akyurt