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1.
Gabriele Orcalli 《Constitutional Political Economy》2007,18(1):1-20
The EU’s immigration policy is evaluated from the standpoint of constitutional economics. The main conclusion is that European
immigration policy is trapped in a system of constitutional regulations that is too rigid as it is exclusively oriented towards
the protection and securitisation of European borders. As such, it is not capable of allowing the development of a problem-solving capacity based on successive
trials, and this produces negative outcomes for the whole of the EU.
相似文献
Gabriele OrcalliEmail: |
2.
Thiess Buettner 《Empirica》2007,34(4):287-297
This paper provides empirical evidence on regional labor market flexibility in Europe and, in particular, in the EU-accession
countries in Central and Eastern Europe. Whereas substantial regional disparities in unemployment are found for pre-accession
EU member countries as well as for accession countries, an empirical analysis taking account of spatial effects shows that
regional wage flexibility is significantly higher for accession countries. Moreover, unemployment disparities are found to
be less persistent in the accession countries.
相似文献
Thiess BuettnerEmail: |
3.
Based on a sample of 1,084 European regions (EU15) from 1995 to 2004, we estimate the relationship between the average growth
rate of GDP per capita and the volatility of the growth rate allowing for spatial effects. The spatial lag and spatial error
models show that the regional per capita growth rate and volatility are significantly positively related on average. However,
the inclusion of country interaction terms reveals that the volatility impact is not uniform across countries. In particular,
the relationship between growth and volatility is significantly positive for the majority of countries but significantly negative
for three countries (namely Finland, Italy, and Ireland).
相似文献
Martin FalkEmail: |
4.
The paper investigates the social exclusion process in the European Union (EU), particularly in Luxemburg, addressing both
conceptual and empirical issues. It examines aspects such as: the most appropriate definition of social exclusion for the
case of Luxemburg, the way economic and social disadvantages cumulate within the social exclusion process, and the main determinants
of social exclusion, income poverty and deprivation. To analyze the topics mentioned above, different econometric models have
been applied.
相似文献
Ileana TacheEmail: |
5.
It is quite often claimed by politicians that a common currency makes it beneficial to be also endowed with a common fiscal
policy. However, if fiscal policy can reasonably be considered to be a source of shocks, national fiscal policies which are
steered independently from each other are generally preferable because they allow the possibility to diversify macroeconomic
risks. Abstracting from automatic stabilizers, this view is valid independent on whether the ECB targets money growth or interest
rates.
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Daniel GrosEmail: |
6.
In the literature on European monetary integration Germany and Italy are mostly strongly contrasted. However, this paper argues that there were important similarities between the policy paradigms in these two countries, in particular if a broader historical perspective is adopted. This work analyses the policy paradigms towards European monetary integration in Italy and Germany. Moreover, it contextualises these paradigms into the national institutional setting: while Germany was characterised by power sharing institutions, Italy featured power fragmentation (something which also affected the economic performance of both countries). There were significant differences between the policy paradigms of foreign policy-makers and economic policy-makers. Foreign policy makers, in both countries, under the influence of a European federalist vision, were strongly in favour of European monetary integration. These beliefs of foreign policy decision makers were crucial in charting EMU policy at history-making moments. The pro EMU policy paradigms of foreign policymakers contrasted, during most of the period covered, with the more sceptical beliefs of economic policy makers. In both countries, economic policy-makers, at different moments, had doubts whether enough “convergence” had been reached to make a more stable exchange rate system sustainable.
相似文献
Ivo MaesEmail: Phone: +32-2-2212796Fax: +32-2-2213162 |
7.
The determinants of profitability and productivity for large Italian companies operating in industrial sectors are investigated
in this paper. Data were taken from one of the most important Italian business surveys, and furthermore two cross-section
surveys for the years 1998 and 2002 are compared. The results highlight the importance of financial management and organisational
complexity in order to explain the development of profitability and productivity ranking during 1998–2002. This paper identifies
the important enterprise behaviour in terms of the variables considered. Large Italian companies remain competitive in the
more traditional sectors (e.g. mechanics, textiles, etc.). In general, the Italian enterprises are not dynamic enough to compete
in the most technological and innovative sectors. Moreover, there is the necessity for greater investments in order to foster
the national economy.
相似文献
Paolo MarianiEmail: |
8.
Andre Jungmittag 《Empirical Economics》2006,31(2):313-331
This paper investigates whether a convergence or divergence of national innovation capabilities of the 15 EU countries occurs in the course of time. An answer to this question permits immediate conclusions with regard to the success prospects of a convergence of per capita incomes and labor productivities within the EU. For the empirical analysis based on patents granted at the US-Patent and Trademark Office, unit root tests for time series and panel data are used to scrutinize the convergence hypothesis. Taking all results together, evidence points to the fact that an absolute convergence of innovation capabilities is an exception. However, for a number of countries the results suggest either conditional convergence or convergence to their own growth paths.
相似文献
Andre JungmittagEmail: |
9.
Beatriz Larraz-Iribas Jose-Luis Alfaro-Navarro 《International Advances in Economic Research》2008,14(4):407-421
In connection with the housing market, which is presently raising a great deal of concern among the general public, this paper
investigates regional housing prices in Spain using variable co-integration techniques. It analyzes the asymmetric behavior
in real house prices among the Spanish regions focusing on the study of the long-term relationships over time. This paper
raises an important question of the national averages masking important regional asymmetries. Results indicate evidence of
co-integration, which suggests a broad grouping of regions based on physical proximity or similar economic characteristics.
相似文献
Beatriz Larraz-IribasEmail: |
10.
Nathan D. Griffith 《Constitutional Political Economy》2006,17(1):15-29
Existing theories of regional integration do not satisfactorily explain European legal integration. Like the bears’ porridge,
one explains too much, another too little, and yet another requires unnecessary information. Constitutional economics, viewing
regional integration as a process producing a constitution, is able to explain both momentum toward and resistance to legal
integration in a parsimonious fashion. Further, it produces a unique analysis of the current circumstances of European legal
integration, revealing that the Kompetenz–Kompetenz debate addresses the fundamental dilemma of compound republics. This also discloses that European integration has produced
a novel answer to this old question.
相似文献
Nathan D. GriffithEmail: |
11.
We investigate regional differences in the level and the development of regional new business formation activity. There is
a pronounced variance of start-up rates across the regions. The level of regional new business formation is rather path-dependent
so that changes are relatively small. The main factors determining the level of regional start-ups are innovation and an entrepreneurial
climate. These factors also seem to be responsible for changes in the level of regional new business formation. In addition,
unemployment plays a role. Steering innovation and creating an entrepreneurial atmosphere could be an appropriate starting
point for policy measures that try to promote start-ups. Our empirical evidence strongly suggests that such measures may have
significant effect only in the long run.
相似文献
Pamela MuellerEmail: |
12.
Sjoerd Beugelsdijk 《Journal of Evolutionary Economics》2007,17(2):187-210
In this paper, we empirically study the relationship between entrepreneurial culture and economic growth. Based on a micro
based comparison of entrepreneurs and non-entrepreneurs, we develop a measure reflecting entrepreneurial attitude at the regional
level. We subsequently relate this newly developed variable, ‘entrepreneurial culture,’ to innovativeness and economic growth
in 54 European regions. Extensive robustness analysis suggests that differences in economic growth in Europe can be explained
by differences in entrepreneurial culture, albeit mostly in an indirect way.
相似文献
Sjoerd BeugelsdijkEmail: |
13.
The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis 总被引:1,自引:0,他引:1
The role of insurance companies, although growing in importance in financial intermediation, has received less attention than
bank and stock markets and if so, mainly as a provider of risk transfer in single country or very heterogeneous samples. We
investigate both the impact of insurance investment and premiums on GDP growth in Europe. We conduct a cross-country panel
data analysis from 1992 to 2005 for 29 European countries. We find a positive impact of life insurance on GDP growth in the
EU-15 countries, Switzerland, Norway and Iceland. For the New EU Member States from Central and Eastern Europe, we find a
larger impact for liability insurance. Furthermore our findings emphasise the impact of the real interest rate and the level
of economic development on the insurance-growth nexus. We argue that the insurance sector needs to be paid more attention
in financial sector analysis and macroeconomic policy.
相似文献
Kjell Sümegi (Corresponding author)Email: |
14.
This paper examines economic policy interactions in the Economic and Monetary Union when the assessment of cyclical conditions
in real time is surrounded by uncertainty. On the basis of a simple stylised model it shows that with a Nash-type of interaction
different views about the output gap on the side of the policy players—the Council of the European Union, the European Commission
and the European Central Bank—can give rise to excessive activism with policy players pushing economic variables into opposite
directions. It argues that the costs of such policy conflicts can be reduced by agreeing on a common assessment of the cycle,
by constraining policy variables, and/or by increasing the weight of fiscally conservative institutions. An alternative option
to sidestep policy conflicts ensuing from diverging views of the cycle is to take policy decisions sequentially, as is the
case in a Stackelberg-type of interaction. The paper shows that for a given misperception of the cycle, the impact on the
policy instruments and on output and inflation are generally smaller in the Stackelberg equilibrium as compared to a Nash
outcome. Alternative allocations of roles—that is leader versus follower—are discussed and assessed.
相似文献
Marco ButiEmail: |
15.
Gianandrea Goisis Maria Letizia Giorgetti Paola Parravicini Francesco Salsano Giovanna Tagliabue 《International Review of Economics》2009,56(3):227-242
In this article, using the data of 2008, we try to describe the impact of scale and product differentiation in 282 European
banks. While evidence of the economies of scale is less clear, the results obtained using a translogarithmic function system
show that significant economies of scope do exist even for new banking products like derivatives.
相似文献
Giovanna TagliabueEmail: |
16.
The features of the Italian economy cannot be properly understood without taking into account the territorial organization,
in particular, the so called local productive systems. The Italian National Statistical Institute provides a partition of
the Italian territory into Local Labor Systems (LLS) on the basis of the Population Census data. LLS are a set of contiguous
municipalities with a high degree of self-containment of daily commuter travel. This paper focuses on a study of the structural
characteristics of agriculture activities in the LLS of Tuscany on the basis of the micro-data from the last General Agricultural
Census. The main aim is to provide a picture of the economic activities of the LLS by using data from the Population and the
Industrial censuses also.
相似文献
Laura GrassiniEmail: |
17.
Philipp Engler Terhi Jokipii Christian Merkl Pablo Rovira Kaltwasser Lúcio Vinhas de Souza 《Empirica》2007,34(5):411-425
This paper analyzes the role of banks’ regulatory capitalization in the transmission of monetary policy. We use a confidential
dataset for Austrian banks spanning from the first quarter of 1997 to the fourth quarter of 2003. We find evidence that Austrian
banks react in an asymmetric way to monetary policy depending on their regulatory excess capitalization, i.e. low capitalized
banks react more restrictively to a monetary tightening than their highly capitalized peers.
相似文献
Lúcio Vinhas de SouzaEmail: |
18.
Ricardian fiscal regimes in the European Union 总被引:1,自引:1,他引:0
António Afonso 《Empirica》2008,35(3):313-334
The prevalence of different fiscal regimes is important both for practical policy reasons and to assess fiscal sustainability,
notably for European Union countries. The purpose of this article is to assess, with a panel data set, the empirical evidence
concerning the existence of Ricardian fiscal regimes in EU-15 countries. The results give support to the Ricardian fiscal
regime hypothesis throughout the sample period, and for sub-samples accounting for the dates of the Maastricht Treaty and
for the setting-up of the Stability and Growth Pact. Furthermore, electoral budget cycles also seem to play a relevant role
in fiscal behaviour.
相似文献
António AfonsoEmail: Email: |
19.
Between 1955 and 1987, Austrian trade with Eastern Europe was characterized by specific factors. On the one hand, trade flows
were influenced by the central planning system in Eastern Europe. On the other hand, Austria applied non-standard policy tools
to manage Eastern trade. Furthermore, Austrian trade with Eastern Europe was affected by the implementation of the free trade
agreement with the European Communities (EC) and the change in the institutional framework for Eastern trade in the early
1970s. Austrian Eastern exports were fostered by increased export subsidies and barter trade. We assess the net effects of
these contradictory measures of trade policy by estimating aggregate import and export equations and testing for a structural
break in 1973. Our results are consistent with the view that Austria subsidized Eastern exports to pursue a countercyclical
policy after 1973.
相似文献
Andreas ReschEmail: |
20.
The Portuguese economy has performed remarkably well since joining the EU in 1986. Output per worker grew at an annual rate
of 2.25%. The relative price of investment has declined. Real investment has increased compared to output, in part fuelled
by an increase in capital inflows. At the same time, resource allocation seems to have improved as well: firm-level data shows
a significant decline in the dispersion of labor productivity and size across firms. This paper argues that improvements in
outside investor rights that have taken place since Portugal joined the EU is a prime candidate to explain this set of facts.
相似文献
Gian Luca ClementiEmail: URL: http://pages.stern.nyu.edu/~gclement |