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that the current EU budget setting is, at best, neutral with respect to the EU-wide long-term growth potential and may …This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget … should be reconsidered, as the Union has expanded to 27 member states and has become more heterogeneous. The budget …
Persistent link: https://www.econbiz.de/10012776902
This paper measures the net redistributive impact of the EU budget. It finds that for every € 1,000 difference in … income per capita across countries, € 9 is offset by lower contributions to the budget and € 3 is offset by higher … expenditures by the budget. The overall equalising effect is small (1.1%) and mainly depends on the revenue side, in particular on …
Persistent link: https://www.econbiz.de/10011565639
The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion is not necessarily supported by the experience of...
Persistent link: https://www.econbiz.de/10010187949
The purpose of this study is to determine whether and to what extent the studied municipal governments use their capabilities to shape taxes that constitute the basic tax income (PDP), used for the calculation of equalization amount of the general grants. The analysis will cover all rural...
Persistent link: https://www.econbiz.de/10012952727
Regional disparities within the European Union have always been perceived as an impediment to monetary integration. This is why discussions on a joint currency, from their very beginning, were linked to compensatory payments in the form of regional policy payments. Structural assistance to poor...
Persistent link: https://www.econbiz.de/10013043888
Persistent link: https://www.econbiz.de/10011506447
We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the … inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing … countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for …
Persistent link: https://www.econbiz.de/10011560902
Persistent link: https://www.econbiz.de/10011568878
) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate …
Persistent link: https://www.econbiz.de/10012166055
We provide a comprehensive assessment of the relationship between public debt and GDP growth in the postwar advanced … economies. We use the timing of changes in public debt and growth to account for endogeneity, and find little evidence of a …
Persistent link: https://www.econbiz.de/10011637316