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Has the European Union Achieved a Single Pharmaceutical Market?

Timur, Aysegul - 2010

This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have been adopted to achieve a single EU-wide...

Persistent link: https://www.econbiz.de/10012462395

Economic Integration and the Transmission of Democracy

Magistretti, Giacomo; Tabellini, Marco - National Bureau of Economic Research - 2022

In this paper, we study if exposure to the institutions of trade partners changes individuals' attitudes towards democracy and favors the process of democratization. We combine survey data with country-level measures of democracy from 1960 to 2015, and exploit the improvement in air, relative to...

Persistent link: https://www.econbiz.de/10013210083

Currency Areas, Labor Markets, and Regional Cyclical Sensitivity

Russ, Katheryn Niles; Shambaugh, Jay C.; Singh, Sanjay R. - National Bureau of Economic Research - 2023

In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...

Persistent link: https://www.econbiz.de/10014337753

Exploring European Regional Trade

Santamaría, Marta A.; Ventura, Jaume; Yeşilbayraktar, … - National Bureau of Economic Research - 2023

We use the new dataset of trade flows across 269 European regions in 24 countries constructed in Santamaría et al. (2020) to systematically explore for the first time trade patterns within and across country borders. We focus on the differences between home trade, country trade and foreign...

Persistent link: https://www.econbiz.de/10014247958

Global Production with Export Platforms

Tintelnot, Felix - 2016

market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants … away export platforms - i.e. they do not allow foreign affiliates of multinationals to export - or by ignoring fixed costs … multinational firms that engage in export platform sales and that face fixed costs of foreign investment. I first estimate the model …

Persistent link: https://www.econbiz.de/10012456439

Trade Invoicing in the Accession Countries : Are They Suited to the Euro?

Goldberg, Linda - 2005

The accession countries to the euro area are increasingly binding their economic activity, external and internal, to the euro area countries. One aspect of this phenomenon concerns the currency invoicing of international trade transactions, where accession countries have reduced their use of the...

Persistent link: https://www.econbiz.de/10012467023

Currency Unions and Trade : A Post-EMU Mea Culpa

Glick, Reuven - 2015

In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the...

Persistent link: https://www.econbiz.de/10012457134

A Theory of Economic Unions

Gancia, Gino - 2019

After decades of successful growth, economic unions have recently become the focus of heightened political controversy. We argue that this is partly due to the growth of trade between countries that are increasingly dissimilar. We develop a theoretical framework to study the effects on trade,...

Persistent link: https://www.econbiz.de/10012480416

Deep Financial Integration and Volatility

Kalemli-Ozcan, Sebnem - 2010

We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a very large firm-level dataset from EU countries over time, we construct a measure of "deep" financial integration at the regional level based on foreign ownership at the firm...

Persistent link: https://www.econbiz.de/10012462751

Financial Integration within EU Countries : The Role of Institutions, Confidence and Trust

Ekinci, Mehmet Fatih - 2007

We investigate the degree of financial integration within and between European countries. We construct two measures of de-facto integration across European regions to capture "diversification" and "development" finance in the language of Obstfeld and Taylor (2004). We find evidence that capital...

Persistent link: https://www.econbiz.de/10012465209

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