Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10001614077
, despite increased economic integration in Europe, countries will still be able to maintain distinct labor practices if they … integration will place on the labor compact. Evidence is presented suggesting that labor mobility among EU countries has not … finding suggests that increased economic integration and European Monetary Union could lead to greater demand for social …
Persistent link: https://www.econbiz.de/10012471320
the gains from trade in countries with more exporter firms and the welfare gains of European market integration in 2003-2012 …
Persistent link: https://www.econbiz.de/10012482300
equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two … even after we control for several possible channels of integration, such as bilateral trade, direct investment positions … the Euro adoption has minimal effects on market integration …
Persistent link: https://www.econbiz.de/10012462074
This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have been adopted to achieve a single EU-wide...
Persistent link: https://www.econbiz.de/10012462395
A common European bond would yield a common European Monetary Union risk free rate. We present tentative estimates of this common risk free for the European Monetary Union countries from 2004 to 2009 using variables motivated by a theoretical portfolio selection model. First, we analyze the...
Persistent link: https://www.econbiz.de/10012463297
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral … euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative …
Persistent link: https://www.econbiz.de/10012463615
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the danger of a boom if one believes in mean reversion....
Persistent link: https://www.econbiz.de/10012464209
This paper provides novel empirical evidence on the private value of patents and R&D in European firms during the period 1991-2004. We explore the relationship between firm's stock market value, patents, and "quality"-weighted patents issued by the European Patent Office (EPO) and the US Patent...
Persistent link: https://www.econbiz.de/10012465223
countries, assuming that the run-up to EU integration corresponds to a nearly complete policy cycle. Using econometric panel …
Persistent link: https://www.econbiz.de/10012466121