Using the classical gravity model we try to reach a more systematic view than previously in the literature of the impact of regionalism on the intensity of mutual integration through trade in Europe. We find that European trade is significantly influenced by various regional agreements and...

Tässä raportissa esitetään hiljattain valmistuneen EU-rahoitteisen tutkimushankkeen keskeisimpiä tuloksia. Hankkeen painopiste oli koulutuksen yksilöille tuottamassa taloudellisessa hyödyssä palkassa mitattuna sekä julkisen rahoituksen vaikutuksissa tähän yksityistaloudelliseen...

Kioton pöytäkirjassa YK:n ilmastosopimukseen määritellään Euroopan unionille kasvihuonepäästöjen tavoitteeksi kahdeksan prosentin vähennys vuoteen 1990 verrattuna. Euroopan unionin sisäisessä taakanjaossa Suomelle sovittu kaavailtu kasvihuonepäästöjen tavoite on nollakasvu vuoteen...

This paper investigates comparative advantage and its development across selected Asian, American and European countries between 1996 and 2002. In doing so, we calculate the Balassa index of revealed comparative advantage using industry data at the HS 4-digit level. The major part of the...

Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market economies (EMEs) of Central and Eastern Europe towards the EU15 average by 2050. We estimate the countries’ initial capital stocks and project future investment as a function of...

The EU economies and their labour markets will face new challenges in the near future as the Union enlarges to cover the CEE countries and the mobility of labour becomes free within the region. This paper first discusses estimates made on the likely magnitude of the coming immigration and then...

We analyse the development of labour productivity and hours worked by the working-aged population in the EU25 countries and other OECD countries in 1960-2004. We emphasise the possible effects of taxes, benefits and other labour-market variables. First, we describe the trends in productivity and...

The paper analyzes the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...

In this paper, we examine the relationship between the euro exchange rate and domestic inflation in the EMU area. This issue has gained importance as the euro has depreciated around 20 per cent during the first eighteen months of EMU, and is now a serious concern for the European Central Bank...