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Prospective Membership and Institutional Change in Transition Countries
Belke, Ansgar; Bordon, Ingo; Melnykovska, Inna; … - Institut für Weltwirtschaft (IfW) - 2009
This paper quantifies the impact of incentives related to potential membership on institutional change as measured by the World Bank Governance Indicators (WBGI). Based on a panel of 25 transition countries for the period from 1996 to 2008 we show that pre-accession incentives provided by EU and...
Persistent link: https://www.econbiz.de/10008479317
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Resource-Based Reluctance, Reversed Asymmetry, and Non-Trade Integration Incentives - Theory and Evidence from European Neighbourhood
Franke, Anja; Gawrich, Andrea; Melnykovska, Inna; … - Institut für Weltwirtschaft (IfW) - 2009
end of bilateral relations. At the other extreme, Ukraine depends on EU cooperation, especially with respect to trade. We … strategies to bilateral, regional, and multilateral EU strategies for democracy promotion, economic cooperation, justice and home … affairs cooperation, and conflict resolution in European neighbourhood. It turns out that EU strategies of Neighbourhood …
Persistent link: https://www.econbiz.de/10005026906
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Which Membership Matters? External vs. Internal Determinants of Institutional Change in Transition Countries
Drautzburg, Thorsten; Melnykovska, Inna; Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 2008
This paper analyses potential internal and external determinants of institutional change as measured by the World Bank Governance Indicators (WBGI) based on a panel of 25 transition countries for the period from 1996 to 2005. We show that natural resources and capital inflows exert an...
Persistent link: https://www.econbiz.de/10005700623
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Europe — Quo Vadis? Reflections on the Future Institutional Framework of the European Union
Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2001
With twelve new members the decision making in the European Union via intergovernmental cooperation will become …
Persistent link: https://www.econbiz.de/10005076125
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Measuring Long-Run Exchange Rate Pass-Through
de Bandt, Olivier; Banerjee, Anindya; Kozluk, Tomasz - Institut für Weltwirtschaft (IfW) - 2007
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a long-run Engle and Granger cointegrating...
Persistent link: https://www.econbiz.de/10005083403
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Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Buch, Claudia M. - Institut für Weltwirtschaft (IfW) - 2001
International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for financial institutions. This paper reviews the stylized...
Persistent link: https://www.econbiz.de/10005755267
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Towards a European Constitution: Fiscal Federalism and the Allocation of Economic Competences
Stehn, Jürgen - Institut für Weltwirtschaft (IfW) - 2002
The paper analyzes one important aspect of the constitutional debate: the allocation of econornie competences between the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of economic competences. The main message of the theory is...
Persistent link: https://www.econbiz.de/10005755141
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The Euro’s Trade Effect under Cross-Sectional Heterogeneity and Stochastic Resistance
Herwartz, Helmut; Weber, Henning - Institut für Weltwirtschaft (IfW) - 2010
This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which are specific to each sector in each country pair, control...
Persistent link: https://www.econbiz.de/10008550503
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Labor productivities and labor costs in Euroland
Siebert, Horst - Institut für Weltwirtschaft (IfW) - 1998
The paper presents labor productivities in the member countries of Euroland. The result is that there is quite a divergence in labor productivities (per head) in the European Monetary Union. The Netherlands and Italy reach 85 percent of the West German level, Spain 62 and Portugal 35. This...
Persistent link: https://www.econbiz.de/10009276726
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Contagion effect of financial crisis on OECD stock markets
Kazi, Irfan Akbar; Guesmi, Khaled; Kaabia, Olfa - Institut für Weltwirtschaft (IfW) - 2011
In this paper we investigate the contagion effect between stock markets of U.S and sixteen OECD countries due to Global Financial Crisis (2007-2009). We apply Dynamic Conditional Correlation GARCH model Engle (2002) to daily stock price data (2002-2009). In order to recognize the contagion...
Persistent link: https://www.econbiz.de/10009149314