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industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it …
Persistent link: https://www.econbiz.de/10013138239
cycle and the euro area evolved over time, we find that inflation conditional correlation increased stemming from the EU …
Persistent link: https://www.econbiz.de/10013081633
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies at the EMU periphery. It identifies international trade,...
Persistent link: https://www.econbiz.de/10012773503
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10012765781
The rapid increase in intra-industry trade (IIT) between the EU15 and Central, Eastern and South-Eastern European … new process of transition and real convergence to the EU. Using a product-level trade flows database and employing linear … and non-linear panel data specifications, this paper assesses the determinants of intra-industry trade between the EU15 as …
Persistent link: https://www.econbiz.de/10013049577
The objective of this study is to assess the impact of the East-West Highway improvement program on Georgia's ability to access international markets. As highlighted extensively in the literature, improving transport infrastructure and the efficiency of the logistics sector can help countries...
Persistent link: https://www.econbiz.de/10012644483
John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed the U.S. announcement of the European Recovery Program (Marshall Plan). This ambitious plan must be economically successful. The inherent strengths of Europe give reasonable assurance of the...
Persistent link: https://www.econbiz.de/10012646144
The Europe and Central Asia (ECA) Education Team's vision is for education systems to empower all to reach their full potential. In line with this vision, the purpose of this guidance note is to provide recommendations and policy advice for decision-makers on potential education responses to the...
Persistent link: https://www.econbiz.de/10012647113
European Union (EU) and its six Eastern neighbours. One of its four priority areas is stronger connectivity which includes the … regulatory convergence across transport modes between member countries and with the EU to heighten the focus on energy efficiency … Union in 1989. At the same time, EaP countries are acutely aware of the need to converge with the EU in terms of energy …
Persistent link: https://www.econbiz.de/10012647300
In this paper, we highlight the role of global value chains in the synchronization of economic activity between countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of synchronization of the business cycles of CEE countries and their main...
Persistent link: https://www.econbiz.de/10013315647