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In the past, the European Union seems to have been able to tame Euroscepticism through regional 'convergence' funding. After the Eastern enlargement of the Union, however, this relationship needs to be put to the test. Not only have the new member states become the main recipients of EU funding,...
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Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
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corruption on productivity. Corruption is defined as a “bribe tax” and is compared to another form of institutional inefficiency …, which is often believed to be closely linked with corruption: the “time tax” imposed on firms by red tape. When testing … individual firms appears to vary depending on overall institutional quality: in countries where corruption is more prevalent and …
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We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...
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