This paper presents new approaches to investigating economic growth and innovation activity as well as analyzing investment in R&D needs and efficiency in the context of contemporary challenges for European integration. Our research modeled the impact of R&D investment on GDP growth under broad...

Although the EU has achieved an impressive degree of harmonization in the securities laws of its member states, it has not yet advanced any effective collective private remedies for violations of those securities laws. This is especially noteworthy since the U.S. Supreme Court's decision in...

The rising delinquencies in the U.S. subprime mortgage market in 2006 and the succeeding collapse in housing prices had a considerably negative impact on the functioning of the European financial systems and the smooth operation of European economies. Indeed, in the Euro-area, what started as a...

Despite the widespread use of the notion of a country's competitiveness in public policy discussion, there is some reluctance among academic economists in accepting the concept. The competitiveness notion can be made theoretically acceptable by distinguishing its useful integral part, which...

All countries of the European Union (EU) have had their economies impacted by COVID-19 and should focus their efforts on managing the negative impacts on their GDP growth. Since EU countries vary considerably in many criteria, the same policy would not fit all EU countries. This paper analyzes...

This paper examines exchange rate pass-through in the euro area by accounting for the impact of exchange rate changes on exporting firms' market power, cost structure and competitiveness. An international oligopoly model where exporting firms simultaneously decide on their pricing and innovation...

Place of taxation rules are the seminal cross-jurisdictional provisions of any consumption tax regime. They determine where among competing jurisdictions a particular service is taxed. They are not important for transactions that are restricted to a single jurisdiction and to businesses or...

This paper presents new approaches to investigating economic growth and innovation activity as well as analyzing investment in R&D needs and efficiency in the context of contemporary challenges for European integration. Our research modeled the impact of R&D investment on GDP growth under broad...

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the interplay between these adjustment processes and the...

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...