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A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...
Persistent link: https://www.econbiz.de/10012910879
, the sector also contributed in an indirect way to economic growth by generating knowledge and productivity spill-overs for … characterised by a relatively weak productivity growth. Does this contribute to growth stagnation tendencies à la the so …-called “Baumol disease”? The paper argues that there is no reason to expect this as long as the productivity and growth spill …
Persistent link: https://www.econbiz.de/10005790451
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are...
Persistent link: https://www.econbiz.de/10013136591
The integration process in the European banking sector considerably differs with regard to product types. Deep integration can be observed in the money market as well as the market for wholesale products. In contrast to that, a strong segmentation of national markets still exists in the field of...
Persistent link: https://www.econbiz.de/10013136603
Variations between the diverse pension systems in the member states of the European Union hamper labour market mobility, across country borders but also within the countries of the European Union. From a macroeconomic perspective, and in the light of demographic pressure, this paper argues that...
Persistent link: https://www.econbiz.de/10013114018
the lack of integrated innovation adoption behind environmental productivity performance. In this work, we analyse the … three economic areas: USA, Japan and Europe and we select their environmental and dirty patents from European Patent Office …
Persistent link: https://www.econbiz.de/10012961274
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
Persistent link: https://www.econbiz.de/10013056555
productivity are found to be the main factors determining relocation in the sector. These processes are facilitated by the …
Persistent link: https://www.econbiz.de/10014159354