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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
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A tale of parallel integration processes : a gravity analysis of EU trade with Mediterranean and Central and Eastern European countries
Ferragina, Anna (contributor);  … - 2005
Despite the EU emphasis on the 1995 Barcelona process, trade integration with the Mediterranean (MED) countries is … still underdeveloped. To contrast the success of EU integration with MED countries and that with the new EU members, we … compute the trade potential of these EU partners from 1995 to 2002 using an "out-of-sample" methodology. The coefficients are …
Persistent link: https://www.econbiz.de/10003275037
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Same same but different : dialects and trade
Lameli, Alfred; Nitsch, Volker; Südekum, Jens; Wolf, … - 2013
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...
Persistent link: https://www.econbiz.de/10009740276
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Norwegian rhapsody? : the political economy benefits of regional integration
Campos, Nauro; Coricelli, Fabrizio; Moretti, Luigi - 2015
European Union (EU), had successfully completed negotiations and fulfilled all accession requirements, taken membership in the … European Economic Area (with full access to the Single Market), but decided in a referendum to reject full-fledged EU … politically driven economic benefits from EU membership: if Norway had joined the EU in 1995, productivity levels between 1995 and …
Persistent link: https://www.econbiz.de/10011281605
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Economic growth and political integration : estimating the benefits from membership in the European Union using the synthetic counterfactuals method
Campos, Nauro; Coricelli, Fabrizio; Moretti, Luigi - 2014
European Union (EU) in the 1973, 1980s, 1995 and 2004 enlargements, if those countries had not joined the EU. We find large … positive effects from EU membership but these differ across countries and over time (they are only negative for Greece). We …
Persistent link: https://www.econbiz.de/10010350820
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European innovation dynamics and US economic impact : theory and empirical analysis
Welfens, Paul J. J.; Irawan, Tony - 2014
The role of product innovations is growing in the world economy, and the EU and the US are key players here. The … analysis presented herein explains product innovations in the EU25 for the period 2006-2012, namely through lagged R …-side policy in EU countries and growth policy, respectively, but it also suggests a strong role for international digital …
Persistent link: https://www.econbiz.de/10010409773
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Europe agreements and trade balance : evidence from four new EU members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2011
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …
Persistent link: https://www.econbiz.de/10009296317
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Enlarging the EMU to the east : what effects on trade?
Belke, Ansgar (contributor); Spies, Julia (contributor) - 2008
The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight … Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity …, omitted variables and sample selection, our results indicate that the common currency has boosted intra-EMU imports by 7 …
Persistent link: https://www.econbiz.de/10003750287
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Alternative composite Lisbon development strategy indices
Heshmati, Almas (contributor); Oh, Jong-Eun (contributor) - 2005
ranking by the two indices, it is shown that the United States outperformed most EU-member states. Our investigations also … difference in the ranking by the two indices, it is shown that the United States outperformed most EU-member states. Our …
Persistent link: https://www.econbiz.de/10003085751
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Institutional integration and productivity growth: evidence from the 1995 enlargement of the European Union
Campos, Nauro; Coricelli, Fabrizio; Franceschi, Emanuele - 2021
European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU …
Persistent link: https://www.econbiz.de/10012698068