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of this survey. Taking into account the results of an analogous survey in the EU-15 in 2003, the authors describe major … conscious about the importance of learning a lifetime, for both economic and social reasons. Results provide evidence that EU …
Persistent link: https://www.econbiz.de/10013436565
Persistent link: https://www.econbiz.de/10013436579
Persistent link: https://www.econbiz.de/10003062068
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 …
Persistent link: https://www.econbiz.de/10011347055
The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010331439
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
Persistent link: https://www.econbiz.de/10011604866
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10011604890
towards a more centralised fiscal policy at EU/Euro area level within a new EMU economic governance. Besides the improvement …
Persistent link: https://www.econbiz.de/10011435347
This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble … final reform package. We show that quite far-reaching reforms of EU fiscal rules are feasible without treaty change as … reconcile with the EU treaties. …
Persistent link: https://www.econbiz.de/10013364517
European economic integration fascinates and inspires for the way it brought peace to a continent torn by violent and long-standing rivalries. The lessons from Europe, however, cannot be applied directly as the degree of the European Union's supranationality is unthinkable elsewhere. This paper...
Persistent link: https://www.econbiz.de/10010397207