Narrow search
Showing 1 - 10 of 315
Cover Image
What is European Integration Really About? A Political Guide for Economists
Spolaore, Enrico - 2013
Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...
Persistent link: https://www.econbiz.de/10012459539
Cover Image
How Deep Are the Roots of Economic Development?
Spolaore, Enrico - 2012
The empirical literature on economic growth and development has moved from the study of proximate determinants to the … analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on … account the ancestral composition of current populations. The evidence suggests that economic development is affected by …
Persistent link: https://www.econbiz.de/10012460529
Cover Image
From Bismarck to Maastricht : The March to European Union and the Labor Compact
Krueger, Alan B. - 2000
This paper considers the likely impact that European Union (EU) will have on the labor compact. It is argued that, despite increased economic integration in Europe, countries will still be able to maintain distinct labor practices if they are willing to bear the cost of those practices. The...
Persistent link: https://www.econbiz.de/10012471320
Cover Image
Aggregate Implications of Firm Heterogeneity : A Nonparametric Analysis of Monopolistic Competition Trade Models
Adão, Rodrigo - 2020
We measure the role of firm heterogeneity in counterfactual predictions of monopolistic competition trade models without parametric restrictions on the distribution of firm fundamentals. We show that two bilateral elasticity functions are sufficient to nonparametrically compute the...
Persistent link: https://www.econbiz.de/10012482300
Cover Image
The European Union, the Euro, and Equity Market Integration
Bekaert, Geert - 2010
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two countries are segmented if there is a wide...
Persistent link: https://www.econbiz.de/10012462074
Cover Image
Has the European Union Achieved a Single Pharmaceutical Market?
Timur, Aysegul - 2010
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
Cover Image
Towards a Common European Monetary Union Risk Free Rate
Mayordomo, Sergio - 2009
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
Cover Image
What Lies Beneath the Euro's Effect on Financial Integration : Currency Risk, Legal Harmonization, or Trade?
Kalemli-Ozcan, Sebnem - 2009
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 banking linkages among twenty industrial countries in the...
Persistent link: https://www.econbiz.de/10012463615
Cover Image
Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?
Eichengreen, Barry - 2008
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
Cover Image
The market value of patents and R&D : Evidence from European firms
Hall, Bronwyn H. - 2007
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