Showing 1 - 10 of 53
Persistent link: https://www.econbiz.de/10014307719
In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country through reallocation of labour towards exporting...
Persistent link: https://www.econbiz.de/10012019618
The ways of decision making within the EU have significantly changed in the last decades: the rule of unanimity has … compensating transfers by using the right of withdrawal: It might threaten to leave the EU if the compensation is denied. Are … as high as in the case of unanimity. In practise, the EU will offer compensating transfers depending on how credible a …
Persistent link: https://www.econbiz.de/10003776195
The aim of this paper is to investigate the market efficiency on the foreign exchange market since the introduction of the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure of the global foreign exchange market to the extent...
Persistent link: https://www.econbiz.de/10003582754
The financial crisis and the debt crisis in Europe lead to pronounced swings of the $/€-exchange rate. The influence of this exchange rate uncertainty on exports is neither theoretically nor empirically unambiguous. Therefore, this investigation tries to find out what effect exchange rate...
Persistent link: https://www.econbiz.de/10009008126
In the light of the current economic debt crisis within the Euro zone, the heterogeneity of EU members has becoming … economic integration with the other EU members. Despite the common use of the term "European integration", neither a uniform … integration are hard to quantify, thereby making it almost impossible to argue objectively whether an individual EU member state …
Persistent link: https://www.econbiz.de/10009573504
The paper discusses the seriousness of current account imbalances in the last few decades in Europe, with a particular focus on the European Monetary Union. A closer look at the development of current accounts in European economies suggests the existence of some serious structural problems that...
Persistent link: https://www.econbiz.de/10009505479
the EU membership, while no substantial effect comes from the euro adoption. Finally, we investigate the effects from … financial integration on country groups within the EU. -- Financial integration ; economic growth ; productivity ; European …
Persistent link: https://www.econbiz.de/10009510726
the economic success of EU states statistically tangible. Firstly, we show in descriptive illustrations that the … theoretically expected characteristics of small countries clearly apply to the current EU states. From the theoretical perspective … influenced by factors other than population size, such as the duration of EU membership, the level of economic development …
Persistent link: https://www.econbiz.de/10009238689
creating a homogeneous group. They differ in the length of EU membership, income per capita, membership and non-membership of …
Persistent link: https://www.econbiz.de/10009487855