Why do some countries adopt market-oriented reforms such as deregulation, privatization and liberalization of competition in their infrastructure industries while others do not? Why did the pace of adoption accelerate in the 1990s? Building on neo-institutional theory in sociology, we argue that...

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor model and in a sample spanning up to 56 countries during the 1960-2023 period. Over the entire period, a first global factor explains approximately 58% of the variation in...

Besides its primary scope of supporting the lagging behind areas, the EU regional policy represents also the flexible companion of other EU objectives and policies: it was reshaped many times in order to meet EU challanges and realities, either these were linked to enlargement or to the...

The Lisbon Strategy is working; it has helped to bring about higher economic growth, more jobs and reduced unemployment. As a new member state of the European Union, Romania should respond positively to the challenges of the Lisbon Strategy, and build the prerequisites for a knowledge-based...

This paper studies the degree of integration of China's domestic market and investigates the determinants of inter-provincial trade barriers under the rubric endogenoustrade policy theory. I rely on industry-level trade flows extracted from provincial input-output tables to develop a model that...

Florian Dorn erstellte diesen Beitrag während seines Promotionsstudiums an der Universität München (LMU). Die Studie wurde im September 2020 abgeschlossen und von der Fakultät für Volkswirtschaftslehre als Dissertation angenommen. Die Dissertation trägt zur Empirie der Ökonomie des...

This paper will be later used within the Doctoral thesis: "The Mechanism of Financing Investment Projects by Usage of European Structural Funds", which is currently under development at the University Babeș Bolyai Cluj Napoca, Faculty of Economics and Business Management, under the coordination...

In this article, we intend to realize an analysis of the absorption capacity of the Structural Funds in Romania, which is a crucial issue in the context of the regional development and the discretionary fiscal policy. We consider that the Structural Funds are the only free resource that can...

The capacity of absorbing Structural Funds continues to be a „taboo” subject for everybody. The image of irredeemable financing generates a continuous feeling of satisfaction and the desire to become rich. I use the word „image” because the Structural Funds have managed to cover in a...