Showing 1 - 10 of 6,107
The research addresses the issue of identifying new catalysts for economic growth at European level, supporting the future mix of policies. It was analyzed, the nature of the intercorrelation between the economic indicators Gross Domestic Product (GDP and GDP per capita), conventionally...
Persistent link: https://www.econbiz.de/10011979926
This paper examines the evolution of the EU’s trade in services over the 2004-2008 period in comparison with its trade … in goods. It aims to disentangle the main trends shaping the EU’s services trade flows under the impact of increasing … globalisation and the last two waves of EU enlargement. Relying on BoP trade statistics published by Eurostat and the WTO, it …
Persistent link: https://www.econbiz.de/10008757373
This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...
Persistent link: https://www.econbiz.de/10012063855
the twenty-eight members of the European Union (EU). Research Design & Methods: The relationships between the selected …. Economic literature on convergence has focused on the EU Member States, while the analyses on the Eastern Partnership countries … convergence process towards the EU are almost nonexistent. …
Persistent link: https://www.econbiz.de/10012515792
Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial … distribution in EU of some fundamental development indicators before the current crisis, we try to estimate the impact of the … prolonged crisis. During last years, the less developed countries in EU were the most affected by crisis. Their investment power …
Persistent link: https://www.econbiz.de/10011515567
This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous recoveries, with the 'double-dip' recessions in 2011-12...
Persistent link: https://www.econbiz.de/10012929951
Rousseau and Wachtel (2011) [Rousseau, P., Wachtel, P., 2011. What is happening to the impact of financial deepening on economic growth? Economic Inquiry 49, 276-288] find a weakening effect of bank finance on growth for more recent periods in replicating King and Levine (1993) [King, R. G.,...
Persistent link: https://www.econbiz.de/10013116650
In this paper, we show that the recent financial crisis has significantly affected the potential total factor productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced-form equation of TFP, based on an approach recently developed...
Persistent link: https://www.econbiz.de/10013061476
This paper examines the impact of financial risks on economic growth in the first 15 Member States of the European Union, considering 1995-2014 period and aims to lay down a new explanatory model of economic growth, based mainly on the behavioral reactivity of the financial disruptions mentioned...
Persistent link: https://www.econbiz.de/10012124345
In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...
Persistent link: https://www.econbiz.de/10014233623