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Economic geography within and between European nations : the role of market potential and density across space and time

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2009

In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...

Persistent link: https://www.econbiz.de/10003850511

Adding geography to the new economic geography

Bosker, Maarten; Brakman, Steven; Garretsen, Harry; … - 2007

Persistent link: https://www.econbiz.de/10003498831

EU-Steuerharmonisierung auf dem Gebiet der Unternehmensbesteuerung : Stand und Perspektiven

Heinemann, Friedrich; Wendt, Carsten - In: Integration : Vierteljahreszeitschrift des Instituts … 30 (2007) 3, pp. 281-291

Persistent link: https://www.econbiz.de/10003521848

Market liberalization in the European natural gas market : the importance of capacity constraints and efficiency differences

Brakman, Steven; Marrewijk, Charles van; … - 2009

In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...

Persistent link: https://www.econbiz.de/10003857130

The positive border effect of EU integration

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van; … - 2011

, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … that go along with EU integration along the border. Both at the urban and regional level, we find a beneficial influence of … the EU integration process as measured by the growth in population share along the integration borders, leading to an …

Persistent link: https://www.econbiz.de/10009009598

Equity price dynamics before and after the introduction of the euro : a note

Cheung, Yin-Wong; Westermann, Frank - 2001

Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...

Persistent link: https://www.econbiz.de/10011397990

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10011431564

On creditor seniority and sovereign bond prices in Europe : conference paper

Steinkamp, Sven; Westermann, Frank - 2013

The recent increase of interest rate spreads in Europe and their apparent detachment from underlying fundamental variables has generated a debate on multiple equilibria in the sovereign bond market (see De Grauwe and Ji (2012)). We critically evaluate this hypothesis, by pointing towards an...

Persistent link: https://www.econbiz.de/10010341164

Putting new economic geography to the test : free-ness of trade and agglomeration in the EU regions

Brakman, Steven (contributor); Garretsen, Harry (contributor) - 2005

structural model parameters for the NUTS II EU regions. These estimations enable us to come up with an empirically grounded free …-ness of trade parameter. In line with NEG theory, the estimation results show that a spatial wage structure exists for the EU … EU. Agglomeration forces appear to be rather localized. At the same time, confronting our empirical results with the …

Persistent link: https://www.econbiz.de/10003202725