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Institutional integration and productivity growth: evidence from the 1995 enlargement of the European Union

Campos, Nauro; Coricelli, Fabrizio; Franceschi, Emanuele - 2021

This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU. Our synthetic difference-in-differences estimates on...

Persistent link: https://www.econbiz.de/10012698068

Divergence tendencies in the European integration process : a danger for the sustainability of the E(M)U?

Glawe, Linda; Wagner, Helmut - In: Journal of risk and financial management : JRFM 14 (2021) 3/104, pp. 1-22

The European integration process started with the aim of reducing the differences in income and/or living standards between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as a necessary precondition. While the goal of this...

Persistent link: https://www.econbiz.de/10012485017

The effect on foreign direct investment of membership in the European Union

Bruno, Randolph; Campos, Nauro; Estrin, Saul - 2020

This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...

Persistent link: https://www.econbiz.de/10012288695

GOVERNANCE, CULTURE AND DEMOCRACY: INSTITUTIONS AND ECONOMIC DEVELOPMENT OF EU MEMBER STATES

Attila, Bartha - In: Annals of Faculty of Economics 1 (2013) 1, pp. 205-214

This paper intends to understand the major institutional factors related to the economic development of the European Union (EU) countries in the last two decades. It provides some contributions to the institutionalist debate of the present crisis of the European Union, and within it, the...

Persistent link: https://www.econbiz.de/10010685540

The Greek Non-Paradigm of Economic and Business Development, and Comparisons with South Korea

Sanidas, Elias - In: SPOUDAI - Journal of Economics and Business 64 (2014) 3, pp. 30-48

A series of wrong policies since the 1980s transformed the Greek economy into a problematic one and almost ready to collapse; for example, artificial increases in employment in nonproductive public services entailing low productivity; increasing wages above those guaranteed by productivity...

Persistent link: https://www.econbiz.de/10011725313

Durable goods and ICT : the drivers of Euro area productivity growth?

Jalava, Jukka (contributor); … - 2008

The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity … growth. -- durable good ; asset ; productivity ; ICT ; growth accounting ; capital services ; household production …

Persistent link: https://www.econbiz.de/10003692312

Some aspects of the discrete wavelet analysis of bivariate spectra for business cycle synchronisation

Bruzda, Joanna - 2011

The paper considers some of the issues emerging from the discrete wavelet analysis of popular bivariate spectral quantities such as the coherence and phase spectra and the frequency-dependent time delay. The approach utilised here is based on the maximal overlap discrete Hilbert wavelet...

Persistent link: https://www.econbiz.de/10009309477

The Euro : a "MUST" for small European states?

Ohr, Renate; Özalbayrak, Mehmet - 2012

This paper deals with the question of what impact membership of the European Monetary Union (EMU) has had on small European states. We will also analyze whether or to what extent a large number of small member states affect the EMU itself when they vastly outnumber the large countries. We...

Persistent link: https://www.econbiz.de/10009487855

Real unit labour costs in Eurozone countries : drivers and clusters

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - In: IZA journal of European Labor Studies 4 (2015) 15, pp. 1-9

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components-real wages, capital intensity, and technology-are uncovered through decomposition and cluster analyses. In the...

Persistent link: https://www.econbiz.de/10011417168

Integration, spurious convergence, and financial fragility : a post-Keynesian interpretation of the Spanish crisis

Pérez Caldentey, Esteban; Vernengo, Matías - 2015

The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We put forward a different hypothesis. We argue that the Spanish crisis resulted, in...

Persistent link: https://www.econbiz.de/10011349393

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