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between economic growth, measured by GDP per capita, and greenhouse gas emissions, on the EU28, for the period 1980-2016 when … derivatives.We notice a great heterogeneity between the European states both of all EU28 members and within the four groups that … we formed depending on GDP per capita growth. This conclusion shows that a common emission reduction policy in EU28 is …
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This paper investigates how the European integration process of central eastern European countries, which has been taking place since the 1990's, affects their GDP growth. Based on an augmented Solow model, I estimate a convergence equation for a panel of ten countries over 16 years (1995-2010)....
Persistent link: https://www.econbiz.de/10011374066
specializations and economic policy coordination, contributed to the synchronization of business cycles in the enlarged EU. We … synchronization, specifically between incumbent and new EU members. More coordinated fiscal policies and, particularly in EU 15, the … EU income convergence, a declared objective of EU policy, supported business cycle synchronization. …
Persistent link: https://www.econbiz.de/10011346443
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...
Persistent link: https://www.econbiz.de/10011325969
This study mainly examines the role of macroeconomic policy variables associated with Maastricht Convergence Criteria (MC), using various approaches to analyze comparatively differences in growth and convergence in income, productivity, and unemployment between a developed, economically...
Persistent link: https://www.econbiz.de/10009693477
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important insights on the economic catch-up exhibited by the new EU members in light of the institutional changes and … convergence in the EU, however, we identify subgroups that converge to different steady states using an iterative testing … suggests a clear separation between the new and old EU member states in the long run. …
Persistent link: https://www.econbiz.de/10009784195