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capital accumulation in information technologies did make a contribution to growth in the EU too, though not equally … in Finland, Ireland and Denmark. These were also the fast EU growing countries in the 1990s. New technologies contributed … growers . I conclude that the growth gaps between the EU and the US, as well as within the EU, can (also) be associated to the …
Persistent link: https://www.econbiz.de/10011536573
Since the Lisbon agenda in 2000, Europe stated the goal to become the most advanced knowledge economy in the world relying specifically on the increase and strengthen of its human capital and technological endowments. However, given the presence of localized externalities in the knowledge...
Persistent link: https://www.econbiz.de/10011536575
Romania has the highest share of EU rural areas (44.9% ), which generates and maintains a long series of regional …
Persistent link: https://www.econbiz.de/10011536635
We show how a stability pact based on deficit sanctions eliminates the exacerbation of debt accumulation that may arise from monetary unification. Moreover, by making sanctions contingent upon the economic situation of countries, the stability pact provides for risk sharing. Differences in...
Persistent link: https://www.econbiz.de/10011537229
The paper accounts for the determinants of inward foreign direct investment in business services across the EU-27 …
Persistent link: https://www.econbiz.de/10011537854
Weekly repo auctions are the European Central Bank's most important policy instrument. Provided that banks bid seriously, these auctions should determine the liquidity of the banking sector in an efficient and transparent way. However, under the fixed rate tender procedure used until June 2000,...
Persistent link: https://www.econbiz.de/10011538717
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane yielding the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated monetary...
Persistent link: https://www.econbiz.de/10011538850
This article analyzes how forest resources have been used in Brazil since 1930, in an attempt to prove two hypotheses. The first hypothesis is that the destruction of our forests and the unsustainable use of the remaining forests have always been linked to the developmental policies adopted in...
Persistent link: https://www.econbiz.de/10011539278
account data for member states of the EU against the background of other selected economies: BRIC, Japan and the USA. The … relatively homogenous sample of the EU members. Data sources comprise selected results of Doing Business study (start up …
Persistent link: https://www.econbiz.de/10011539282
Since the 1990s, the issue of regional income convergence and its long term tendencies has been thoroughly and heatedly discussed. Much less attention, however, has been devoted to the short-run dynamics of regional convergence. In particular, three important aspects have not yet been adequately...
Persistent link: https://www.econbiz.de/10011539464