We examine the dynamics of bank lending to the private sector for countries of the Euro area by applying a Markov switching error correction model.We identify for Belgium, Germany, Ireland and Portugal stable, mean reverting regimes and unstable regimes with no tendency to return to the long...

The financial integration in Europe concentrates on cross-border mergers rather than cross-border lending and emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft...

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining productivity and export success in European...

The Savings Directive has been celebrated as a major political break-through in coordinating taxation in Europe. Against this background, the present paper evaluates the real-world effects of this directive. The directive has left a loophole by providing grandfathering (exemption from...

During the 90s the increase in health spending which compared to the overall growth had taken place at a rather rapid pace experienced a worldwide slow-down. In relation to overall economic growth and the expansion of other countries' health care systems, Austria's system grew below average- a...

We compare three EU countries that have recently experienced substantial but very different reforms of their family support systems: Austria, Spain and the UK. The structure of these systems is different: Austria emphases universal benefits, Spain tax concessions and the UK means-tested...

Das institutionelle Arrangement eines Landes ist zu einer Standortfrage und zu einer Frage der langfristigen Wettbewerbsfähigkeit einer Ökonomie geworden . Ein stabiles und günstiges makroökonomisches Umfeld ist eine wesentliche Voraussetzung für erfolgreiche wirtschaftliche Tätigkeit von...

Contents: i - Angela Bergschmidt, Walter Dirksmeyer and Bernhard Forstner - Proceedings of the European Evaluation Workshop – Foreword -- PAPERS PRESENTED IN THE PLENARY SESSIONS -- 3 - Stefan Meyer - Methods for the Evaluation of Investment Support -- 15 - Andrea Pufahl - Programme Evaluation...

The paper introduces a general approach to distributing households by size, which is based on recurrent procedure of estimating conditional proportions of households of a given size among households with the same or larger size. Based on formal study and on empirical evidence, models and methods...