Download or read book The Effects of European Economic Integration on the Profitability of Industries written by Ms.Dalia Hakura and published by International Monetary Fund. This book was released on 1998-06-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of intensified international competition on industry profits in six European Union (EU) countries. The paper uses two methods to estimate industry profits. The traditional method uses accounting data to obtain a measure of gross price-average cost margins. The second method directly estimates markups of price over marginal cost using new empirical techniques. Import competition is found to have disciplined market power, regardless of the method used to estimate industry profits. From the analysis of the markups, there is evidence that this is due mainly to intra-EU import competition. The evidence for export discipline is much weaker.
Download or read book European Economic Integration as a Challenge to Industry and Government written by Richard Tilly and published by Springer Science & Business Media. This book was released on 2013-12-14 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU Single Market and the opening up of Eastern Europe offer a chance to create a truly pan-European market economy. In this respect, many lessons can be learned from early 20th-century developments in Europe. Bearing this in mind, the authors analyze the fragility of international trade, financial investment and foreign relations in and across Europe, from both a contemporary and historical perspective. In a period of increased migration and higher capital mobility, the major OECD countries are faced with such issues as monetary integration, the role of banks and the requirement for structural adjustment. Even more complex is the integration of Russia. Policymakers and the business community alike are presented simultaneously with unique opportunities and unique challenges - with old and new pitfalls looming.
Download or read book European Integration and the Functioning of Product Markets written by Adriaan H. Dierx and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe's achievements in economic integration have attracted worldwide interest and are seen as an example for other regions to follow. Ten years after the completion of the Single Market Programme, this book is able to utilize empirical data not available to previous studies, also building on research by reputed academic experts and staff at the European Commission. The book reveals that European product market integration has a significant impact on the conditions of competition, the strategies of companies and the structure of industry. It adds a quarter of a percentage to annual GDP growth rates and has not led to an increased exposure of the EU to asymmetric shocks. However, the book argues that further improvements in the functioning of European product markets are needed in order to improve the EU's growth performance over the next decade. Invaluably, the book provides not only current information about Europe's achievements in economic integration but also methodology to assess the outcome of economic integration in other regions of the World, such as NAFTA, MERCOSUR and ASEAN.
Download or read book Doing Business in Europe written by Alina Mihaela Dima and published by Springer. This book was released on 2018-04-09 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book brings together an international panel of experts on economic integration and international business to address the essential link between the two fields, namely the impact of integration processes on the business environment. Focusing on the European Union, it presents numerous examples and case studies to demonstrate how local business is becoming international business, and addresses the opportunities, constraints and overall historical changes. Starting with the regional and global economic integration framework, and subsequently exploring the institutional structure that makes everything possible and how the union came to be, the book reveals how the common policies of the EU impact businesses and entrepreneurship within both the common market and the member states. Readers will learn about the economic and political context that affect businesses in Europe; understand the basic concepts of integration, accompanied by cases and examples; gain a new perspective on important EU sectoral policies and challenges for individuals and businesses; become aware of the main challenges to EU enlargement; and better grasp the advantages and disadvantages of doing business in Europe in the present context.
Download or read book The Economics and Policies of Integration a Finnish Perspective written by Kari Alho and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: European integration has come a long way since the fIrst steps in the aftermath of the Second World War. At that time, the neutral European countries chose to stay outside the European Economic Community. Those countries that wanted less ambitious cooperation formed the European Free Trade Association. Increasing trade dependence between the two groupings was institutionalised when they signed free-trade agreements with each other, creating thus a wider European free-trade area in manufactures. The strong push towards deepening integration among EC countries, manifested in the Single European Act in 1985, and the dismantling of non-tariff barriers to trade and factor flows in the EC by 1993, made it necessary for EFTA countries to secure access on equal conditions to their most important export market and thus prevent trade diversion. The ensuing agreement on the European Economic Area responded to these demands, but did not resolve the apparent asymmetry in EEA decision-making. This emanated from the supremacy ofEC legislation over EEA rules, thus making EFTA countries passively adjust to EC norms. Consequently, Finland applied for membership in the EC in March 1992, with effect from 1995. The latest phase in the integration process, the Treaty on European Union, has an aim to further deepening, e. g. the formation of the economic and monetary union by 1999.
Download or read book The New European Economy written by Loukas Tsoukalis and published by Oxford University Press, USA. This book was released on 1991 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many changes have occurred in Europe in the last few years, with more developments arising in light of the unification of the European economic market in 1992. This volume scrutinizes the process of economic integration in Western Europe and its gradual emergence as a new regional entity. Tsoukalis identifies some distinguishing features of this economy as well as the outstanding issues as 1992 approaches. Strongly oriented toward policy, the book contributes to the debate about the nature and future of European economic development, without neglecting the wider political ramifications of the issues.
Download or read book The Economics of European Integration written by Willem Molle and published by Ashgate Publishing. This book was released on 1997 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Progressive integration has been a significant characteristic of economic development in the last few decades worldwide and in Europe - where it has found expression notably in the European Community (EC), now the European Union (EU). The issue of monetary integration has been central to the discussion on European economic integration. This text aims to select the more relevant aspects and developments, placing them in a robust conceptual structure, and integrate theoretical developments with the results of empirical research and of policy analysis. The authors explain the logic of the dynamic process, describe the structural features of the European economy, and depict the historical developments so as to give a sound basis for the understanding of the present situation and the likely future developments. In addition, it sets the European developments in the light of global developments. This revised edition covers recent developements, such as the setting up of the economic and monetary union, the widening of the EU, updated data, and integrates the results of recent theoretical and empirical work.
Download or read book The Economic Development of the EEC written by Richard T. Griffiths and published by Edward Elgar Publishing. This book was released on 1997 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative volume traces the creation and development of the EEC as an institution and assesses its impact on the economic development of Europe and the policy areas under its control. The book includes a thorough discussion of the background and origins of the European Economic Community. In the early years of post-war Europe, the continuous search for a multilateral commercial agreement resulted in various plans for European commercial cooperation. These schemes were proposed less in a desire for European integration and supranational institutions, than in response to real economic problems and were the precursors to the formation of the EEC. The next section investigates the process of creating the EEC including the road to integration of the major founding members, and the attitude of the United States to European integration. Finally, it discusses the economic development of the EEC since 1957. It explores major themes including the impact of the Community on trade and agriculture and on competition and financial policy, as well as the effects of its own enlargement. The study ends with the steps towards closer union embodied in the Treaty of Maastricht, which signalled the transformation of the European Economic Community into the European Union.
Download or read book European Economic Integration written by Jan Fagerberg and published by . This book was released on 1993 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers on the issues of European economic integration and its consequences for the Nordic countries. It addresses historic and future effects of integration - on trade, specialization and industrial structure, competition and market concentration, and other aspects.
Download or read book The Theory of Economic Integration Routledge Revivals written by Bela Balassa and published by Routledge. This book was released on 2013-05-13 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention – in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).
Download or read book Costs and Benefits of Economic Integration in Asia written by Robert J. Barro and published by Oxford University Press. This book was released on 2011-01-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.
Download or read book Industrial Policy in the European Community A Necessary Response to Economic Integration written by Phedon Nicolaides and published by BRILL. This book was released on 2023-11-27 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: As global corporate rivalry intensifies there is rising concern about the state of industries that have to compete with foreign firms often suspected of being aided by their governments with the aim to dominate world markets. In the European Community, in particular, many industrialists believe that the completion of the single market will make them even more vulnerable to foreign competition. The essays compiled in this book re-examine the arguments for industrial policy. They go beyond the sterile and doctrinaire debate on whether the government should intervene in the economy. Rather, they ask what kind of industrial policy should national governments and the European Community pursue in the light of the increasing openness of their economies, expanding global corporate alliances and faster technological obsolescence. These essays have a distinct policy orientation. They review the latest theoretical developments in order to identify the relevant policy parameters and draw conclusions on what the aim and instruments of industrial policy should be.
Download or read book The Decline of Traditional Sectors in Israel written by Mr.Eric V. Clifton and published by International Monetary Fund. This book was released on 1998-12-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of exchange rate appreciation and the minimum wage in the relative decline of traditional sectors in Israel. It finds little evidence to indicate that real exchange rate appreciation is primarily responsible for this decline. Rather, the evidence indicates that slower productivity growth in traditional sectors has led to relatively larger increases in unit labor costs compared with high-tech sectors. Although the links are only indicative, the evidence also suggests that the minimum wage has played a role in the relatively faster growth in unit labor costs.
Download or read book The Political Economy of European Integration written by Erik Jones and published by Psychology Press. This book was released on 2005 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an accessible introduction to diverse political economy perspectives on different aspects of European integration. It presents a critical appraisal of how scholars in the EU and US use theory to understand European integration.
Download or read book How Does Political Instability Affect Economic Growth written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Download or read book One Market One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
Download or read book Research Activities of the IMF January 1991 December 1999 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
