Der modernen Außenwirtschaftstheorie entsprechend ist zu erwarten, dass die Einführung des Euro durch eine Reduktion der fixen und variablen Handelskosten zu einer Erhöhung des Außenhandels der Eurozone geführt hat, und zwar sowohl über den extensiven als auch den intensiven Rand. Aufgrund...

This paper provides a comprehensive assessment of the relation between inflation and globalization, measured in terms of trade and financial openness. Using a large crosssection of 91 countries covering the period 1985-2004, we establish two main empirical regularities. Both higher trade and...

This paper investigates the growth factors of EU regions in the 1990s. We test the hypothesis that regional growth is determined by endogenous growth factors, trade and technological catching-up in a growth accounting framework....

We use a panel approach, covering 10 EU Member States over the period 1981 to 1999, for each of three major industry groups (manufacturing, construction, and services) and 18 more detailed industries to test whether the EU's Single Market Programme has led to a reduction in firms' markups over...