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Persistent link: https://www.econbiz.de/10013383632
Affiliates of German firms in Eastern Europe differ from those in the rest of the world. They have smaller sales and they employ more labor. Labor productivity is thus lower than in affiliates of German firms elsewhere. Moreover, multinational activity in Eastern Europe is mostly unilaterally...
Persistent link: https://www.econbiz.de/10003315497
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions...
Persistent link: https://www.econbiz.de/10003973335
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countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 …
Persistent link: https://www.econbiz.de/10003301362
Mitgliedschaft in der EU verlangt das Ende der noch bestehenden Kontrollen. Dieses Papier betrachtet die Erfahrungen der …
Persistent link: https://www.econbiz.de/10011431146
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
Europe is struggling with the resolution of the severe debt crisis and is in the process of overhauling its institutional set up. One element of the reform agenda is the European Stability Mechanism (ESM) which is intended to provide liquidity assistance to countries in case financial stability...
Persistent link: https://www.econbiz.de/10009751305
The new trade theory explains several features of the current development of EU's trade with CEECs better than the … peripheral EU countries. However, this induced increased specialization in EU countries, which contrasts with the development in …Um gewisse Merkmale der gegenwärtigen Entwicklung des Osthandels der EU zu erklären, ist die neue Außenhandelstheorie …
Persistent link: https://www.econbiz.de/10009712333
. First, establishing a Single Supervisory Mechanism under the roof of the ECB and within the framework of the current EU …
Persistent link: https://www.econbiz.de/10010195391