Showing 1 - 10 of 170
This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the … Turkey, particularly in agriculture. The main obstacles to accession are not economic, but political. Historical experience … prevents Turkey from eliminating the decisive political role of the military, giving Kurds and other minorities cultural rights …
Persistent link: https://www.econbiz.de/10011506471
Turkey triggered by EU-membership; and (iii) migration in response to the free movement of workers. Overall, the … macroeconomic implications for EU countries are small but positive. European exports increase by around 20 percent. Turkey … accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic institutions in …
Persistent link: https://www.econbiz.de/10011402438
countries, this paper introduces three new indicators for measuring uncertainty in Turkey's export markets from the first … quarter of 1996 to the first quarter of 2020. The indicators measure uncertainty in Turkey's export destinations. After …
Persistent link: https://www.econbiz.de/10012240442
The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western Europe. Although migration is good in principle, as it yields gains from trade and specialization for all countries involved, it does so only if it meets with flexible labour...
Persistent link: https://www.econbiz.de/10002523041
The enlargement of the European Monetary Union is likely to lead to an increase in uncertainty regarding the transmission of monetary policy for the larger union. Adding new members to the central bank council will in addition imply that the policy reaction of the enlarged council will be...
Persistent link: https://www.econbiz.de/10003110104
The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist countries, have had to adjust their economic policies to the EU’s standards. Perhaps most difficult has proven to be fiscal policy whereby NMS must comply with the Stability and...
Persistent link: https://www.econbiz.de/10003110155
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10003897541
We analyze the role of imitation and innovation in promoting technological progress in new members of European Union: the Czech Republic, Hungary, Poland and Slovakia. The two modes of technological development - innovation and imitation - are distinguished from one another by identifying the...
Persistent link: https://www.econbiz.de/10003966520
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are assigned lower ratings, ceteris paribus, than "old" ones. We...
Persistent link: https://www.econbiz.de/10003974520
It is often argued that tax competition may lead to a 'race to the bottom'. This result may indeed hold in the case of factor mobility (such as capital). However, in this paper we emphasize the unique feature of labor migration, that may nullify the 'race to the bottom' hypothesis. Labor...
Persistent link: https://www.econbiz.de/10003974528