Articles producció científica> Economia

National support for the European integration project: Does financial integration matter?

  • Identification data

    Identifier: imarina:9138976
    Handle: http://hdl.handle.net/20.500.11797/imarina9138976
  • Authors:

    Esteve-González P
    Herwartz H
    Theilen B
  • Others:

    Author, as appears in the article.: Esteve-González P; Herwartz H; Theilen B
    Department: Economia
    URV's Author/s: Theilen, Bernd Georg
    Keywords: Polarization National support for european integration Long-term government bond yields Financial market integration Eu15
    Abstract: © 2020 The Authors. Economics & Politics published by John Wiley & Sons Ltd We analyze in how far market perceptions of actual financial integration affect EU integration support at the country level. As indicators of realized states of integration in financial markets we rely upon yield differentials of long-term government debt. To identify particular situations that could undermine the integration process, we suggest a new measure of EU integration risks that fulfills a number of properties which are desirable to ensure its informational value. Our results indicate that tensions to finance public debt in integrated financial markets are the main contributor to weakened support for EU integration. Particularly, large yield spreads increase the polarization on this issue at the country level. Moreover, as a confirmation of a-priori expectations, we find that the national support for EU integration sees a fostering in times of economic upswing and under beneficial structural EU funding. These results indicate that it becomes crucial to monitor increasing international yield differences as they could prepare the ground for claims for EU disintegration policies, thereby, threatening future advances of the EU integration project.
    Thematic Areas: Political sciences and international relations Political science Economics and econometrics Economics Economia Ciencias sociales
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    Author's mail: bernd.theilen@urv.cat
    Author identifier: 0000-0001-7141-2780
    Record's date: 2023-02-26
    Papper version: info:eu-repo/semantics/publishedVersion
    Link to the original source: https://onlinelibrary.wiley.com/doi/full/10.1111/ecpo.12166
    Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: Economics & Politics. (2): 357-378
    APA: Esteve-González P; Herwartz H; Theilen B (2021). National support for the European integration project: Does financial integration matter?. Economics & Politics, (2), 357-378. DOI: 10.1111/ecpo.12166
    Article's DOI: 10.1111/ecpo.12166
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2021
    Publication Type: Journal Publications
  • Keywords:

    Economics,Economics and Econometrics,Political Science
    Polarization
    National support for european integration
    Long-term government bond yields
    Financial market integration
    Eu15
    Political sciences and international relations
    Political science
    Economics and econometrics
    Economics
    Economia
    Ciencias sociales
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