The impact of the single currency on economic growth

Abstract

Did the creation of the euro affect economic growth? To address this question, we estimate a simple growth model and we found an insignificant impact of the euro on GDP per head however when we look for differentiated impacts the GDP growth of the six members that founded the European Union was negatively affected by the creation of the euro across all period. Lastly, the GIIPS were the only group statistically affect by the crisis when we look to the impact of it in different groups.