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Commodity price volatility, democracy and economic growth

Arezki, Rabah; Thorvaldur Gylfason - 2011

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a … panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a … result, we show that increased commodity price volatility leads to a statistically significant and quantitatively large …

Persistent link: https://www.econbiz.de/10009355147

Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro banknotes and take due account of other determinants of...

Persistent link: https://www.econbiz.de/10011872942

Efficiency, fairness, and social cohesion in Europe and the United States : incomes, hours of work, and equality with an afterhought on Iceland

Thorvaldur Gylfason - 2016

accession of more small states to the EU. This will further advance the EU's economic and social position in the world. …

Persistent link: https://www.econbiz.de/10011517905

Implausible large differences in the sizes of underground economies in highly developed European countries? : a comparison of different estimation methods

Schneider, Friedrich - 2017 - June 6, 2017 - revised version

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...

Persistent link: https://www.econbiz.de/10011663628

How free trade can help convert the 'Arab Spring' into permanent peace and democracy

Thorvaldur Gylfason; Martínez, Inmaculada; Wijkman, … - 2012

Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...

Persistent link: https://www.econbiz.de/10009571054

Which conflicts can the European neighbourhood policy help resolve?

Thorvaldur Gylfason; Wijkman, Per Magnus - 2012

Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...

Persistent link: https://www.econbiz.de/10009571288

Can and should the EU's Eastern Partnership be saved?

Thorvaldur Gylfason; Martínez-Zarzoso, Inmaculada; … - 2014

In a major setback for the EU, only two of four Eastern Partnership countries actually initialed Association Agreements at the Vilnius Summit in November 2013. This paper asks what went wrong and what can be done about it. Using a gravity model to estimate the effects of deep and shallow free...

Persistent link: https://www.econbiz.de/10010374518

Different extent of privatisation proceeds in EU countries : a preliminary explanation using a public choice approach

Belke, Ansgar; Baumgärtner, Frank; Schneider, Friedrich; … - 2005

This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation...

Persistent link: https://www.econbiz.de/10003204038

Measuring the immeasurable : the evolution of the size of informal economy in the agricultural sector in the EU-15 up to 2019

Schneider, Friedrich; Morkunas, Mangirdas; Quendler, Erika - 2021

This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple indicators multiple causes model (MIMIC) was developed for the estimation of levels of informal economy in 15 "Old" European Union Member States' agricultural sectors for the...

Persistent link: https://www.econbiz.de/10012486396

Payment innovations, the shadow economy and cash demand of households in euro area countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and opportunity costs, we concentrate on cashless payments media...

Persistent link: https://www.econbiz.de/10012291866