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This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of … contrasted with a non-equilibrium economics perspective on EU regional policy. Based on this, the existence of market failures … and the relevance of equilibrium economics for a realistic understanding of and policy advice for EU regional policy are …
Persistent link: https://www.econbiz.de/10011487099
Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the relative size of age groups will cause...
Persistent link: https://www.econbiz.de/10011487782
This paper studies the impact of environmental innovation on employment growth using firm-level data for 16 European countries and the period 2006-2008. It extends the model by Harrison et al (2008) in order to distinguish between employment effects of environmental and non-environmental product...
Persistent link: https://www.econbiz.de/10011487783
levels of governance is, in fact, a factor of local development able express the potentialities of the territory, the level …
Persistent link: https://www.econbiz.de/10011487907
We set up a tractable general equilibrium (GE) model to study how output of firms of different size grows after entry and labor reforms. We then take the model predictions to the largest global publicly available firm-level data set: the Enterprise Surveys data. The results demonstrate that...
Persistent link: https://www.econbiz.de/10011488474
The divergence of unemployment rates between the United States and Europe coincided with a substantial acceleration in capital-embodied technical change in the late 1970s. Evidence suggests that European economies have lagged behind the United States in the adoption and usage of new...
Persistent link: https://www.econbiz.de/10011489796
This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse...
Persistent link: https://www.econbiz.de/10011489953
The European Union has a common rural development policy, motivated by the fact that more than 90% of the entire European territory can be classified as rural and 56% of European citizens live in rural areas. Each Member State sets out a Rural Development Programme (RDP) focused on three main...
Persistent link: https://www.econbiz.de/10011490602
This study considers endogenous determination of domestic standards on products that cause negative consumption externalities in the presence of a preferential trade agreement (PTA) in a three-country world. In particular, we examine how a PTA affects the optimal levels of external tariffs and...
Persistent link: https://www.econbiz.de/10011490666
Current innovation policy is the result of decades of research about the nature and role of innovation in economic growth. Such investigation has contributed to redesign our knowledge not only on the role played by innovation in economic development but also about the relationship between...
Persistent link: https://www.econbiz.de/10011491204