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for regional integration agreements, we quantify both total and heterogeneous trade effects of the CU-EUT. In contrast to …
Persistent link: https://www.econbiz.de/10012892084
the latter is assumed to be weakly efficient? We propose uncertainty about the benefits of integration as a mechanism that …
Persistent link: https://www.econbiz.de/10013316888
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...
Persistent link: https://www.econbiz.de/10010261340
leave the European Union (EU). In this paper we evaluate the consequences of this event for EU integration. In particular …, we analyze how the extent of EU economic integration would change once the UK leaves the Union. To that end we develop an … integration benchmark that consists of the steady state production equilibrium characterized by arbitrage pricing and perfect …
Persistent link: https://www.econbiz.de/10012908727
In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
Persistent link: https://www.econbiz.de/10012839848
This study examines the impact of financial integration on economic growth in the case of 31 European countries over … positive effects of financial integration on economic growth. They also suggest that the financial integration – economic … institutions. More precisely, financial integration appears to exert a greater positive influence on growth in the case of the …
Persistent link: https://www.econbiz.de/10014346251
crisis on depreciated tax revenues in most of the member states. Political integration and global financial crisis reduce …
Persistent link: https://www.econbiz.de/10013314956
This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial …
Persistent link: https://www.econbiz.de/10013315287
increased EU integration on the spatial distribution of regional economic activity for a sample of 194-NUTSII regions and find … that further integration will most likely be accompanied by higher levels of agglomeration …
Persistent link: https://www.econbiz.de/10013316995
integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that … cultural integration due to bilateral convergence in preferences and values. Both plausibly arise from network-induced history …
Persistent link: https://www.econbiz.de/10012866077