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Author: Juan R. Cuadrado-Roura
Publisher: Springer Science & Business Media
ISBN: 3662047888
Category : Business & Economics
Languages : en
Pages : 366
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Book Description
The introduction of the single currency in the European economic space constitutes without doubt the most visible step towards monetary and economic integration in the EU. Those who boosted the birth of the Common Market in 1957 dreamt that this would one day come about as a logical consequence of the integration process. However, things have gone much more slowly than possibly imagined, although if taken in an adequate historic perspective, it is undeniable that the agreements that have led to European Monetary Union signify a really formidable jump in the process of political and economic integration in Europe. This is something many doubted would ever happen, but which is already a reality, although still in need of a period of consolidation. The most general economic consequences of the EMU have already been analysed in considerable depth. Proof of this is the literature already available. In general, there is coincidence in affirming that the balance of the results expected is clearly positive. Firstly, as a result of the anticipated gains in efficiency, a consequence of reduction of transaction costs associated to the previous existence of different currencies and of the elimination of exchange rate uncertainties.
Author: Juan R. Cuadrado-Roura
Publisher: Springer Science & Business Media
ISBN: 3662047888
Category : Business & Economics
Languages : en
Pages : 366
Get Book Here
Book Description
The introduction of the single currency in the European economic space constitutes without doubt the most visible step towards monetary and economic integration in the EU. Those who boosted the birth of the Common Market in 1957 dreamt that this would one day come about as a logical consequence of the integration process. However, things have gone much more slowly than possibly imagined, although if taken in an adequate historic perspective, it is undeniable that the agreements that have led to European Monetary Union signify a really formidable jump in the process of political and economic integration in Europe. This is something many doubted would ever happen, but which is already a reality, although still in need of a period of consolidation. The most general economic consequences of the EMU have already been analysed in considerable depth. Proof of this is the literature already available. In general, there is coincidence in affirming that the balance of the results expected is clearly positive. Firstly, as a result of the anticipated gains in efficiency, a consequence of reduction of transaction costs associated to the previous existence of different currencies and of the elimination of exchange rate uncertainties.
Author: Roger William Vickerman
Publisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 254
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Book Description
Author: Álvaro Pina
Publisher:
ISBN:
Category :
Languages : en
Pages : 47
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Book Description
Progress in regional convergence in the EU has been uneven over the last two decades. While Central and Eastern Europe has been catching up, Southern Europe has often lost ground, especially after the global financial crisis. Furthermore, within most countries, gaps between large cities and rural areas have widened. Some challenges to convergence have stemmed from worldwide factors - such as globalisation, digitalisation, global warming, and, more recently, COVID19 - but others are European-specific, like incomplete financial integration, less effective fiscal governance and subpar innovation performance. This paper proposes policy action to reduce regional divergence by helping regions upgrade their productive specialisation. Building on new approaches to regional and industrial policies, Europe needs to exploit the full potential of cross-country cooperation in innovation and of urban agglomeration economies. Competition and trade policies need to ensure a level playing field to enhance the benefits of open and competitive markets while responding to new challenges, such as digitalisation or foreign subsidies. Finally, Cohesion Policy and the Common Agricultural Policy, the two largest EU budget instruments, need to become more effective at promoting productive upgrading.
Author: R. Leonardi
Publisher: Springer
ISBN: 0230372783
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Convergence, Cohesion and Integration in the European Union tackles the fundamental theoretical and empirical issues underlying the process of European integration. Two basic arguments underlie the book. The first is that economic convergence in postwar Europe has reduced the disparities between regions and that this has been an important accelerator of the drive for integration. The second is that, in contrast to the situation before 1985 when nation states dominated the move to integration, grass roots pressure has been the dominant force since the Single European Act and the preparation for the single market.
Author: Damien J. Neven
Publisher:
ISBN:
Category : European Community
Languages : en
Pages : 32
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the variables to remove the spatial correlation, and application of standard GMM estimators for dynamic panels in a second step. Our results show that ignorance of the spatial correlation leads to potentially misleading results. Applying a system GMM estimator on the filtered variables, we obtain a speed of convergence of 6.9 per cent and a capital elasticity of 0.43. (author's abstract).
Author: Reiner Martin
Publisher:
ISBN:
Category :
Languages : de
Pages : 44
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Book Description
Author: Reiner Martin
Publisher: Springer
ISBN: 0333982592
Category : Political Science
Languages : en
Pages : 217
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Book Description
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.
Author: Gertrude Tumpel-Gugerell
Publisher: Edward Elgar Publishing
ISBN: 9781781951286
Category : Business & Economics
Languages : en
Pages : 498
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Book Description
Recoge : 1. Introductory session. - 2. Past convergence within the European Union. - 3. Accesion countries : achievements in real convergence. - 4. Accesion countries : how to balance real and nominal convergence challenges for monetary and exchange rate policy. - 5. Does the financial sector contribute to real growth? - 6. Is there somebody left out in the cold? prospects of CEE countries other than current accesion countries. - 7. Policy challenges within the (enlarged) EU : how to foster economic convergence?
Author: Gabriele Tondl
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Migration and Regional Convergence in the European Union European migration trends in the last decade have been marked by a number of spectacular changes. In the course of the recent enlargement immigration to some EU15 countries from the CEECs has become remarkable. Nevertheless, the vast majority of the EU27 countries are net immigration countries. In face of the important immigration and the cohesion problem, the question arises whether migration had any effect on unemployment and GDP per capita levels in the 2000s. In this paper we use data from the Eurostat Regio Database and estimate whether EU regions reveal a process of convergence in unemployment and income and whether migration plays a role in this process. We further examine whether migration has a different impact on emigration and immigration regions or in converging and diverging regions. While we cannot find a significant impact of migration on unemployment, migration clearly affects per capita income growth.
