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Revisiting the euro's trade cost and welfare effects
Felbermayr, Gabriel; Steininger, Marina - 2019
When, about twenty years ago, the Euro was created, one objective was to facilitate intra‐European trade by reducing transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling, we conduct an ex post evaluation of the European...
Persistent link: https://www.econbiz.de/10011987554
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The EU self-surplus puzzle : an indication of VAT fraud?
Braml, Martin; Felbermayr, Gabriel - 2019
of the global surplus is a trade surplus that the EU has with itself. In this paper, we show that this self-surplus of … the EU amounts to a striking 307 billion Euro in 2018. It persists in goods, services, and secondary income accounts. It … EU’s self-surplus quadrupled. Balance of payments data from the United Kingdom appear highly distorted. We argue that the …
Persistent link: https://www.econbiz.de/10012146231
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Cutting through the value chain : the long-run effects of decoupling the East from the West
Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it …
Persistent link: https://www.econbiz.de/10012888028