In 2020, EU companies imported intermediate products worth 2.4 trillion euros, which made up more than half of total merchandise imports of the EU. Compared to the pre-crisis year 2019, imports of intermediates decreased by 13 percent, partly driven by the lower fuel prices. A detailed analysis...

Auch wenn die Briten die Europäische Union bereits zum 31. Januar 2020 verlassen haben, ist ein "harter Brexit" insofern noch nicht vom Tisch, als sich die beiden Parteien noch nicht auf ein Abkommen über die künftigen wirtschaftlichen Beziehungen geeinigt haben. Die Verhandlungen haben...

This study examines the home bias in trade in goods and services within the European Union. Using the newest release of the World Input Output database, available for the years 2000-2014, the effect is estimated using gravity regressions. The trade-reducing effect of borders is found to be...

Auch wenn die Briten die Europäische Union bereits zum 31. Januar 2020 verlassen haben, ist ein "harter Brexit" insofern noch nicht vom Tisch, als sich die beiden Parteien noch nicht auf ein Abkommen über die künftigen wirtschaftlichen Beziehungen geeinigt haben. Die Verhandlungen haben...

We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the EU. Using administrative data on the universe of...

This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the so-called “Rose Effect”, while the second is the “Border Effect”. The former measures how much a country within a currency union trades more with its partners than with...

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called “Rose Effect”, while the second is the “Border Effect”. The former measures how much a country within a currency union trades more with its partners than with...

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called quot;Rose Effectquot;, while the second is the quot;Border Effectquot;. The former measures how much a country within a currency union trades more with its partners...

The rapid increase in intra-industry trade (IIT) between the EU15 and Central, Eastern and South-Eastern European (CESEE) countries after the collapse of the Soviet Union indicates a structural change in the nature of trade in CESEE and a new process of transition and real convergence to the EU....