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The additionality principle says that the funds of the European Union should not replace, but be an addition to national regional policy funds. The benchmark for the co-funding is that the EU bears 50% of total costs associated with regional projects eligible for EU support. In some regions,...
Persistent link: https://www.econbiz.de/10003940115
We quantify general equilibrium effects of place-based policies in a multi-region framework with mobility, trade and agglomeration economies. Using detailed data on EU transfers, we infer the local effects of different transfer types on productivity, income and transportation cost. Based on...
Persistent link: https://www.econbiz.de/10011752504
We present a novel approach for analyzing the effects of EU cohesion policy on local economic activity. For all municipalities in the border area of the Czech Republic, Germany and Poland, we collect project-level data on EU funding in the period between 2007 and 2013. Using night light emission...
Persistent link: https://www.econbiz.de/10013426556
based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …
Persistent link: https://www.econbiz.de/10009687241
pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could … analysis to derive optimal combinations of output-based allocation and consumption taxes for different assumptions on the … analytical finding is that output-based allocation and consumption taxes are complements rather than substitutes, i.e., the …
Persistent link: https://www.econbiz.de/10014528226
Most macroeconomic models treat the central bank and the trea-sury as a unified entity. The balance sheet of the central bank is therefore implicitly treated as an accounting fiction. While this is often realistic, the central bank balance sheet has implications for central bank independence....
Persistent link: https://www.econbiz.de/10011399700
The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for structural funds transfers from the central EU budget....
Persistent link: https://www.econbiz.de/10003803543
We explore the role of the transfers that UK regions received from the European structural and cohesion funds, as well as other economic and social factors, in determining the support for the Remain vote in the Brexit referendum. We find that past European transfers have played virtually no role...
Persistent link: https://www.econbiz.de/10011544086
In contrast to parliamentary systems, the Council of Ministers, the main legislative body of the European Union, consists of different formations in which national ministers with similar sectoral portfolios participate. This decision-making structure has led to a loss of coherence . In this...
Persistent link: https://www.econbiz.de/10011506458
combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …
Persistent link: https://www.econbiz.de/10012118539