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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...
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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 …
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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
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 …
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European Union (EU) in the 1973, 1980s, 1995 and 2004 enlargements, if those countries had not joined the EU. We find large … positive effects from EU membership but these differ across countries and over time (they are only negative for Greece). We …
Persistent link: https://www.econbiz.de/10010350820
main languages used in EU and candidate countries. We show that widespread knowledge of languages is an important …
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