Showing 1 - 7 of 7
The Eastern enlargement of the EU was an institutional impetus to the migration potential in Europe. While the overall numbers of migrants from the new member states in the EU15 increased between 2003 and 2007, this increase was distributed unevenly among countries. The proportion of these...
Persistent link: https://www.econbiz.de/10003863171
This paper briefly reviews the existing literature on potential migration into the enlarged European Union, reconciles the results with recent evidence and presents an additional migration scenario. The estimation procedure accounts for both sending and receiving countries' unobserved...
Persistent link: https://www.econbiz.de/10003523175
While global migration is increasing, internal EU migration flows have remained low. This paper contributes to a better understanding of the determinants and scale of European migration. It surveys previous historical experiences and empirical findings including the recent Eastern enlargements....
Persistent link: https://www.econbiz.de/10003737640
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …
Persistent link: https://www.econbiz.de/10003586563
Persistent link: https://www.econbiz.de/10001745312
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … of countries but divergence (or decoupling) between them. -- Globalization ; business cycles ; macroeconomic fluctuations …
Persistent link: https://www.econbiz.de/10003693703