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PRODID:-//Department of Economics | IP Paris - ECPv5.1.3//NONSGML v1.0//EN
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X-WR-CALNAME:Department of Economics | IP Paris
X-ORIGINAL-URL:https://econ.ip-paris.fr
X-WR-CALDESC:Events for Department of Economics | IP Paris
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TZID:Europe/Helsinki
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TZOFFSETFROM:+0200
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DTSTART:20250330T010000
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DTSTART:20251026T010000
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DTSTART;TZID=Europe/Helsinki:20251212T121500
DTEND;TZID=Europe/Helsinki:20251212T133000
DTSTAMP:20260410T120648
CREATED:20251124T104351Z
LAST-MODIFIED:20251124T104834Z
UID:15922-1765541700-1765546200@econ.ip-paris.fr
SUMMARY:Basile GRASSI  (Bocconi University) "The EU Miracle: When 75 Million Reach High Income"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Macro seminar\nTime : 12h15 – 13h30 \nDate : 12th  December 2025 \nSalle 3049 \nBasile GRASSI (Bocconi University) “The EU Miracle: When 75 Million Reach High Income” \nAbstract: In 2004\, 75 million people across 10 countries joined the European Union (EU). In the subsequent 15 years\, their GDP per capita doubled. Synthetic control methods show the new members’ GDP per capita was 32% higher in 2019 thanks to the EU adhesion. I do not find a significant effect on the pre-2004 members. These findings are robust to various tests. Growth was primarily driven by the Solow residual. Data show rapid convergence in the main aggregates and declining misallocation measures\, whereas TFP has not fully converged. These results point toward a large positive impact of the EU. \n  \nOrganizer :Alessandro RIBONI \n
URL:https://econ.ip-paris.fr/event/basile-grassi-bocconi-university-the-eu-miracle-when-75-million-reach-high-income/
CATEGORIES:Macroeconomics,Seminars
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