factors of production (capital and labor). In contrast, the consequences of FDI from the capital abundant country (EU) to the … country CGE model, including the EU and the CEEC. A panel regression for both regions separately, helps to decide empirically … advantage (increase in global net trade) has contributed to a decline in the labor income shares in the EU. Additionally, those …

specializations and economic policy coordination, contributed to the synchronization of business cycles in the enlarged EU. We … synchronization, specifically between incumbent and new EU members. More coordinated fiscal policies and, particularly in EU 15, the … EU income convergence, a declared objective of EU policy, supported business cycle synchronization. …

EU's 2007 enlargement by Bulgaria and Romania is evaluated by applying a simple macroeconomic integration model able to … Romania spill-over to EU15, including Austria and the 10 new member states of the 2004 EU enlargement. The pattern of the … integration effects is qualitatively similar to those of EU's 2004 enlargement by 10 new member states. Bulgaria and Romania gain …

players in world trade – the EU and the USA – are also the busiest users of this instrument. After looking at links between … of the four most prominent trade disputes between the EU and the USA ("mini trade wars") are analyzed with GTAP5: the …