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The Euro's Influence Upon Trade : Rose Effect Versus Border Effect
Cafiso, Gianluca - 2009
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...
Persistent link: https://www.econbiz.de/10013154597
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Sectorial Border Effects in the European Single Market : An Explanation through Industrial Concentration
Cafiso, Gianluca - 2009
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10013154950
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Baldwin vs. Cecchini Revisited : The Growth Impact of the European Single Market
Sondermann, David - 2020
The European Single Market created a common market for millions of Europeans. However, thirty years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for...
Persistent link: https://www.econbiz.de/10012836795
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Euro's Influence upon Trade : Rose Effect versus Border Effect
Cafiso, Gianluca - 2008
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...
Persistent link: https://www.econbiz.de/10012770431
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Is There a Single Frontier in a Single European Banking Market?
Bos, Jaap W.B; Schmiedel, Heiko - 2021
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to...
Persistent link: https://www.econbiz.de/10013317337
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Corporate Tax Competition and the Decline of Public Investment
Gomes, Pedro - 2008
The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of public...
Persistent link: https://www.econbiz.de/10012770741
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Tax Thy Neighbour : Corporate Tax Pass-Through into Downstream Consumer Prices in a Monetary Union
Dedola, Luca; Osbat, Chiara; Reinelt, Timo - 2022
, and their incidence mainly falls on factor prices. We use variation in tax rates across time and space in Germany, where … 125,000 food and personal care products sold across Germany. By leveraging 1,058 changes in the local business tax rate … goods produced by taxed _rms and purchased by consumers in the rest of Germany, who thus end up bearing a substantial share …
Persistent link: https://www.econbiz.de/10014080686
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Profit Dynamics Across the Largest Euro Area Countries and Sectors
Maurin, Laurent - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain …
Persistent link: https://www.econbiz.de/10013117688
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Modeling Euro Area Bond Yields Using a Time-Varying Factor Model
Adam, Tomas - 2017
In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries using a factor model with time-varying loading coeffi cients and stochastic volatility, which allows for capturing changes in the pricing mechanism of bond yields. Our key contribution is exploring...
Persistent link: https://www.econbiz.de/10012963728
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The Cyclicality of Effective Wages Within Employer-Employee Matches : Evidence from German Panel Data
Anger, Silke - 2008
workers who received overtime payments. The procyclicality of earnings revealed for Germany is of comparable size with the one …
Persistent link: https://www.econbiz.de/10012773491