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, and thereby to support convergence towards higher levels of per capita income. In the short run, however, EU Cohesion … enhances long-term productivity, while avoiding, in times of overheating, an increased risk of unsustainable developments as a …
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Against the backdrop of the considerable increase in protectionist measures that could be observed during the recent financial crisis, this article investigates the following questions: Are “Buy National” clauses a suitable instrument to internalise the externality that arises because the...
Persistent link: https://www.econbiz.de/10009676153
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Whereas in 1970 most of the large EC countries were still recording real growth rates in excess of 5%, after the two oil crises there was an appreciable slowdown in economic expansion and at the beginning of the eighties even a real contraction. At the same time unemployment increased...
Persistent link: https://www.econbiz.de/10011553015
the issue of whether the Baltic states might become caught in a middle-income trap with modest growth and slow convergence …
Persistent link: https://www.econbiz.de/10011346674
According to estimates made by several German economic research institutes, economic growth will slow down also in the coming year. For the first half of 1967 an increase in terms of money by 5% and in real value by 2% is expected. As compared with growth rates in former years this growth is...
Persistent link: https://www.econbiz.de/10011552848
Evaluating real convergence or divergence in the EU is challenging because it is diffi cult to fi nd an appropriate … counterfactual or comparison benchmark, or to formulate one. Should we compare the status quo with convergence that would have been … exploit recent research and discuss real convergence in the EU, using the new and old German Bundesländer (states) since …
Persistent link: https://www.econbiz.de/10011987561