Download or read book Investigating growth spillovers from Europe written by Sanjay Kalra and published by International Monetary Fund. This book was released on 2010-05-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper characterizes trade exposure and regional integration in six ASEAN economies during 1997-2008. For this, the paper uses the 2000 Asian Input Output Tables which are extrapolated using National Income Accounts and COMTRADE data. On the demand side, the paper shows that the level and geographical nature of external exposure varies across the ASEANs, and has changed over time. In particular, there was a shift in the external demand exposure of ASEANs from mature markets, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a “global factory” and the steady shift in regional production and integration from Japan and the United States to China.
Download or read book The Brussels Effect written by Anu Bradford and published by Oxford University Press. This book was released on 2020-01-27 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.
Download or read book Spillovers From Europe Into Morocco and Tunisia written by Mr.Reinout De Bock and published by International Monetary Fund. This book was released on 2010-10-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports these results.
Download or read book Innovation and Regional Growth in the European Union written by Riccardo Crescenzi and published by Springer Science & Business Media. This book was released on 2011-06-17 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the EU’s regional growth dynamics and, in particular, the reasons why peripheral and socio-economically disadvantaged areas have persistently failed to catch up with the rest of the Union. It shows that the capability of the knowledge-based growth model to deliver its expected benefits to these areas crucially depends on tackling a specific set of socio-institutional factors which prevents innovation from being effectively translated into economic growth. The book takes an eclectic approach to the territorial genesis of innovation and regional growth by combining different theoretical strands into one model of empirical analysis covering the whole EU-25. An in-depth comparative analysis with the United States is also included, providing significant insights into the distinctive features of the European process of innovation and its territorial determinants. The evidence produced in the book is extensively applied to the analysis of EU development policies.
Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Download or read book European Regional Growth written by Bernard Fingleton and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: European Regional Growth is the result of three major influences. First, the ongoing integration of the European regional economies and the need to understand what this means for European economic and social cohesion. Second, the development of geo-economic theories. Third, the development of techniques of spatial data analysis, simulation, data visualization and spatial econometrics. The outcome is a collection of chapters that apply these methods, motivated by a variety of theoretical positions. The book provides powerful and detailed analyses of the causes of income, productivity and employment variations across Europe's regions, and insights into their future prospects.
Download or read book Europe and the Mediterranean Economy written by Joan Costa-Font and published by Routledge. This book was released on 2012-07-26 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the creation of the Mediterranean partnership and the recent move towards the creation of the Union for the Mediterranean in 2008, a new emphasis is placed on the Mediterranean in the study of European Integration. This book brings together a collection of experts to address this important new area of study and discuss issues such as development, aid, labour, markets, human capital investment, Europeanization and institutional reform.
Download or read book Growth Spillover Dynamics From Crisis to Recovery written by Ms.Helene Poirson Ward and published by International Monetary Fund. This book was released on 2011-09-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can positive growth shocks from the faster-growing countries in Europe spill over to the slower growing countries, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in the context of the crisis and the recovery process. Based on a VAR framework, our analysis suggests that the U.S. and Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the European crisis countries. Notwithstanding the current export-led cyclical upswing, Germany generates relatively small outward spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth shocks to the rest of Europe given its more direct exposure to foreign shocks compared to other European countries. Positive spillovers from Spain were important prior to the 2008 - 09 crisis, however Spain is generating negative spillovers in this recovery due to a depressed domestic demand. Negative spillovers from the European crisis countries appear limited, consistent with their modest size.
Download or read book Global Growth and Financial Spillovers and the South African Macro economy written by Mthuli Ncube and published by Springer. This book was released on 2016-04-29 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: To what extent is South Africa affected by G8 economies and BRIC growth shocks? This book identifies channels that amplify these shock effects, the relevance of third country transmission effects and the effects of the first and second rounds of US quantitative easing. The changing reactions of South African variables over time to financial shocks emanating from the US and selected countries in the Euro area, is presented. The book quantifies the effects of capital flow shocks, determines the counterfactuals of asset prices and economic growth variables, and compares the contribution of capital flows and domestic macro factors on asset prices. The effects of the exchange rate depreciation are contrasted to the decline in investment as key drivers of the trade balance. Stock market interdependence is determined amongst South African, Indian and Brazilian equities. The contributions of stock price returns and volatility on South African economic growth are contrasted. The authors construct a financial stress index for South Africa and determine how it amplifies shocks.
Download or read book ECB Spillovers to Emerging Europe The Past and Current Experience written by Philipp Engler and published by International Monetary Fund. This book was released on 2024-08-09 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide new evidence on the spillover effects of ECB monetary policy shocks to emerging European economies, using a combination of empirical methods and model-based simulations and focusing on spillovers from interest rate and balance sheet policies implemented by the ECB. We consider an event study set around the ECB policy announcement in June 2022 and also use local projections to estimate regional spillovers in a panel of 16 Emerging European countries spanning 1999 to 2022. Identifying ECB monetary policy shocks as the unexplained component of changes in the three-month Euribor futures rate, we find that ECB monetary policy tightening induces more than one-for-one changes in government bond yields in Emerging Europe, as well as sizable increases in sovereign spreads, domestic currency depreciations, and significantly lower output. Model simulations using a two-country DSGE calibrated to the euro area and its Eastern European neighbors reveal that a conventional tightening, achieved through interest rate increases, provides a more favorable inflation-output trade-off compared to balance sheet tightenings. The extent of spillovers from quantitative tightening depends on the speed of balance sheet reduction, and it is larger under a fixed exchange rate regime.
Download or read book The Europe 2020 Strategy written by Daniel Gros and published by . This book was released on 2014-04-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Launched in March 2010 by the European Commission, the Europe 2020 strategy aims to achieve "smart, sustainable, and inclusive" growth. The engines for this growth are - Knowledge and innovation - Greener and more efficient use of resources - Higher employment combined with social and territorial cohesion This CEPS report takes an in-depth look at this major initiative and finds that the strategy itself needs to be revised in several important respects. First, the authors believe, R&D spending per se is not the best indicator of innovativeness; a new measure, intangible capital, would be more appropriate. Second, while increasing the share of the workforce with a university degree is important for competitiveness and employment, it is the quality of that education that matters more than the quantity. The study also finds that employment targets would be better reached by a skills upgrade among women who have the least education. Concerning climate change, the authors conclude that unless the EU increases the level of its ambition and adds a carbon import tariff, reduction targets for greenhouse gas emissions are likely to have a negligible impact on global climate change. Finally and more generally, the report argues that the 2020 strategy should acknowledge the importance of institutional efficiency at the national level.
Download or read book Growth R D Spillovers and the Role of Patent Systems written by Bruno van Pottelsberghe de la Potterie and published by World Scientific. This book was released on 2017-08-30 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt: This invaluable book provides a comprehensive overview of twenty years of research on the economics of innovation and patent policies. Edited by Bruno van Pottelsberghe de la Potterie, the papers in this volume witness twenty years of advanced empirical research — triggered by intensive collaboration and inspired by his own professional experience at the OECD, METI and the European Patent Office. The Editor's publications in these fields have greatly contributed to better understand how innovation can be stimulated, how it can be measured, through which channels it contributes to growth, with a particular emphasis on the role of patent systems. In the introductory chapter, the Editor provides an overview of each subfield of investigation, by explaining the genesis of the research projects and adding some personal history. The book first displays major empirical findings on the effectiveness of science and technology policies in stimulating R&D, on how these policies affect the contribution of R&D to economic growth, and how to measure international R&D spillovers and what are their most effective channels. The policies that aim at stimulating innovation include R&D subsidies, public R&D, and R&D tax credits. The chapters that follow present foundational work on patent count methodologies aiming at improving innovation metrics, as well as creative contributions on patent valuation models. The book then presents pioneering contributions on the design of patent systems, including a thorough work on the role of fees, far-reaching analyses on quality, and critical contributions on the governance of patent systems in general and the European patent system in particular.
Download or read book Knowledge Flows Technological Change and Regional Growth in the European Union written by Małgorzata Runiewicz-Wardyn and published by Springer Science & Business Media. This book was released on 2013-06-14 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides conceptual and empirical insights into the complex relationship between knowledge flows and regional growth in the EU. The author critically scrutinizes and enhances the RIS (Regional Innovation System) approach, discussing innovation as a technological, institutional and evolutionary process. Moreover, she advances the ongoing discourse on the role of space and technological proximity in the process of innovation and technological externalities. The book closes with an investigation of the role of technological change and knowledge spillovers in the dynamic growth and “catching-up” of EU regions.
Download or read book Business Services in European Economic Growth written by L. Rubalcaba and published by Springer. This book was released on 2007-08-10 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business services sector contributes heavily to European economic growth. Yet links between business services, and their role in economic growth remain under-explored. This volume provides a comprehensive approach from an applied economics perspective, covering with clear focus all the major mechanisms through which this contribution operates.
Download or read book The Demographic Future of Europe from Challenge to Opportunity written by European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union (EU) currently has to cope with demographic decline, low natural growth and the ageing of part of its population. To respond to this challenge, the Commission sets out a number of recommendations drawing mainly on the renewed Lisbon strategy to take full advantage of the opportunities offered by longer lives, whilst also sparking off demographic renewal.
Download or read book Modelling Regional Scenarios for the Enlarged Europe written by Roberta Capello and published by Springer Science & Business Media. This book was released on 2008-02-01 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackling the question of what the European territory will look like over the next fifteen years, this volume provides quali-quantitative territorial scenarios for the enlarged Europe, under different assumptions on future globalisation strategies of BRIC (Brazil, Russia, India and China) and East and West European countries. The approach is as neutral as possible vis-à-vis the results, leading to a new forecasting model, the MASST model, built by the authors.
Download or read book The Regional Dimension in European Public Policy written by Reiner Martin and published by Springer. This book was released on 1999-05-09 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses EU regional policy and its co-ordination with other European and national public policies, namely investment grants, research and development policy and transport policy. The analysis identifies shortcomings within EU regional policy as well as co-ordination, problems with other public policies.
