Showing 1 - 10 of 124
This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will presumably remain, limited, while there is still concern about possible trade diversion. Next, we...
Persistent link: https://www.econbiz.de/10005281299
This paper argues that increased factor mobility incurs the risk of dismantling the welfare state, even though this state may have useful allocative functions. It will be difficult to finance the welfare state with taxes on capital and it may be necessary to subsidize this factor in the sense...
Persistent link: https://www.econbiz.de/10005662397
We assess how banking competition will be affected by the process of deregulation and integration in European financial markets, drawing on the lessons of recent research in finance, banking and industrial organization. Our central thesis contends that the main effect of integration will be to...
Persistent link: https://www.econbiz.de/10005666400
This paper evaluates the determination of receipts from EU budget by considering a richer institutional structure than in earlier studies. We assume that the member states have self-interested objectives in CM trying to minimize their contributions within the given framework of the EU budget...
Persistent link: https://www.econbiz.de/10005666405
reveals that E15 has a steadily increasing impact on the US economy over time, while the effects of the US on Europe have been …
Persistent link: https://www.econbiz.de/10005666509
Broadly speaking, European integration affects growth by stimulating the accumulation of physical capital and/or knowledge capital (i.e. technology). This paper surveys existing empirical work on integration and growth concluding that there is strong evidence that trade liberalization promotes...
Persistent link: https://www.econbiz.de/10005666784
regions (counties) in each country (state), but it is not common to Europe (United States) as a whole. We build on Forni and … large cross-sectional dimension of the data set. The empirical findings show that Europe has a level of integration similar … to that of the United States. In general, we find that the national dimension in Europe is not very important: around 75 …
Persistent link: https://www.econbiz.de/10005667128
This paper deals with the effects of European integration in the EC and EFTA on economic growth. Base regressions suggest that EC and EFTA memberships do in fact have a positive and significant effect on economic growth, and that there is no significant difference between EC and EFTA membership....
Persistent link: https://www.econbiz.de/10005789045
-upon aspects of Europe’s development since the end of World War II. It is hard to imagine that Europe’s economy would have …
Persistent link: https://www.econbiz.de/10005789091
Theoretical and empirical research suggests that import competition within European markets imposes a major constraint on domestic firms's price-cost margins. The programme for the completion of the European Community's (EC) internal market by 1992 is largely based on the effects expected from a...
Persistent link: https://www.econbiz.de/10005789131