The Asian financial crisis of 1997, progressive economic integration into the world system of countries such as China and India, the introduction of the euro in the European continent and the most recent financial crisis of “subprime” mortgages, collectively constitute the factors that have...

This study will demonstrate, through an econometric model in time series, if and how the Chinese basket peg has changed in relation to the weight that the European single currency holds within it. Specifically, utilizing Frankel's (1994) econometric model, as revisited by Mele (2010) enriched by...

The European Monetary Union is an unprecedented event in economic history: it is based on an institutional model characterized by a combination of a single monetary policy, mandated by sovereign states to an independent supranational institution, the European Central Bank, and decentralized...

The aim of the study is to examine the stationary properties of per capita energy use in the 19 Eurozone member countries by using yearly data in the 1960-2013 period. First and second generation of panel unit root tests are applied. Empirical findings show mixed results, since the evidence...

This study examines the stationary properties of per capita energy use in the 19 Eurozone member countries by using annual data over 1960–2013 period. We utilize the Clemente et al. unit root test that determines structural breaks. Empirical results show that most of the country series does...

Purpose – The aim of the paper is to evaluate fiscal adjustments that have occurred in the Economic and Monetary Union (EMU) countries in the last 35 years, and their consequences on the economic growth process by using the mean group (MG) estimators.Design/methodology/approach – Our...

This paper aims to analyze the nexus between disaggregated public spending and GDP in the Euro Area for the period 1990-2010 at a disaggregated level, using a time series approach. We estimated this nexus for ten items of public spending according to the COFOG functional classification. Taking...