In the 1990s, the Western Balkan region suffered from severe conflicts, which ended after intervention by United Nations and NATO forces and with the promise of accession to the European Union. In the early and mid-2000s, the prospect of EU accession and the global boom facilitated rapid...

This study contributes to the literature on destination-country consequences of international migration with investigations on the effects of immigration from new EU member states and Eastern Partnership countries on the economies of old EU member states over the years 1995-2010. Using a rich...

The free movement of people and of workers (intra EU mobility) is one of the corner-stones of the EU. It has overwhelmingly benefitted the citizens of the EU member states both in the countries of work and in the countries of origin. Earlier apprehensions on crowding out of less educated workers...

This paper establishes a causal link between the emigration of skilled workers and firm performance in source countries. Using firm-level panel data from ten Eastern European countries, we show that the emigration of skilled workers lowers firm total factor productivity. We exploit time,...

This paper reviews institutional and structural challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. Sound institutions and solid economic structures are not only the...

Nach der Erklärung von Artikel 50 wird es ernst. Während die kurzfristigen Brexit-Wirkungen auf das UK bisher erstaunlich gering blieben, sind die deutschen Exporte in das UK seit dem Referendum deutlich gesunken. Damit dürfte das Gros der Kurzfrist-Wirkungen aber bereits bewältigt sein,...

The free movement of people and of workers (intra EU mobility) is one of the corner-stones of the EU. It has overwhelmingly benefitted the citizens of the EU member states both in the countries of work and in the countries of origin. Earlier apprehensions on crowding out of less educated workers...

The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...

Dieser Bericht gibt, basierend auf bereits vorliegenden Beiträgen zum Thema Brexit, eine Übersicht über die möglichen Folgen des EU-Austritts von Großbritannien für die zukünftigen Handelsbeziehungen zwischen Großbritannien und der Europäischen Union. Ein Blick auf die Handelsbilanzen...

Als Folge des Brexit steht eine Neuausrichtung der Handelsbeziehungen zwischen dem Vereinigten Königreich mit der Europäischen Union ganz oben auf der politischen Agenda der britischen Regierung. Hiervon wären insbesondere auch die deutschen Agrar- und Nahrungsmittelmärkte betroffen, für...

The Brexit will affect the stability of derivatives markets. These markets are huge and global, but they concentrate on the financial hub London. This article discusses post-Brexit scenarios for the financial supervision of these important markets and recommends to strengthen the supervision at...

Das Vereinigte Königreich (UK) will zwar aus dem Binnenmarkt austreten, mit einem umfassenden Freihandelsabkommen aber einen weitgehenden Zugang zu den EU-Absatzmärkten behalten. Es ist jedoch fraglich, ob sich die Europäische Union darauf einlässt. Die Brexiteers behaupten, dass vor allem...

The United Kingdom intends to leave the single market, yet still wants to retain broad access to it by means of a comprehensive free trade agreement. But the question remains as to whether the European Union is prepared to play ball. Brexiteers claim that German companies in particular, worried...

By the Treaty of Accession to the EU, Romania opted for the euro adoption. According to the Maastricht Treaty, since 2014 Romania has fulfilled the nominal convergence criteria, thus becoming apt to adopt the euro. But a careful analysis of the reality and the lessons learnt from the Euro Area...

This paper establishes a causal link between the emigration of skilled workers and firm performance in source countries. Using firm-level panel data from ten Eastern European countries, we show that the emigration of skilled workers lowers firm total factor productivity. We exploit time,...

This paper evaluates the effect of the EU Eastern enlargement in May 2004 on the Gross Domestic Product (GDP) of border regions in the old member states. The effect is identified with the Synthetic Control Method (SCM) that allows the evaluation of the enlargement effect in a causal way. Results...

This study contributes to the literature on destination‐country consequences of international migration with investigations on the effects of immigration from new EU member states and Eastern Partnership countries on the economies of old EU member states over the years 1995‐2010. Using a...

We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern histories, there is no evidence on how it affected the...

We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern histories, there is no evidence on how it affected the...

Die Brexit-Entscheidung im Vereinigten Königreich dürfte 2016 und stärker noch 2017 den ohnehin nur mäßigen Aufschwung in Deutschland und im Euroraum schwächen. Die konjunkturelle Dynamik der übrigen Weltwirtschaft bleibt im Prognosezeitraum verhalten. Die Erholung im Euroraum setzt sich...

Innerhalb der Europäischen Union macht sich zunehmend Nationalismus breit. Dies wird sichtbar an der Uneinigkeit über die Flüchtlingspolitik und die Rettungspakete sowie am Stimmengewinn antieuropäischer Parteien. Das Referendum in Großbritannien am 23. Juni steht kurz bevor und es ist...

The UK exit from the EU represents a qualitative change in the nature of EU membership. On the one hand, it conveyed the lesson that for the Union to be sustainable, membership needs to entail constant caretaking as far as individual members' contributions to the common good are concerned, with...

In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis - one that...

The European Union project is strongly challenged today by the historical decision of United Kingdom’s citizens to exit from this structure, with all consequences assumed. United Kingdom will be the first nation that will quit this ambitious initiative and the decision is transmitted by the...

In order to be able to assess the future institutional relationship between the UK and the EU, this study organises the relevant facts systematically. This is done by using a framework in which two aspects are compared with each other: On the one hand, the extent of the Single Market access for...

This paper evaluates the effect of the EU Eastern enlargement in May 2004 on the Gross Domestic Product (GDP) of border regions in the old member states. The effect is identified with the Synthetic Control Method (SCM) that allows the evaluation of the enlargement effect in a causal way. Results...

Following the British decision to leave the European Union, the question arises as to how relations should be conducted going forward. The objective of the negotiations between Great Britain and the EU is to ensure which strategy is best - both for the British and the EU. Another important...

It is on the pocketbook issues that Britain's Remain campaign has chosen to take its stand. For weeks, it has bombarded the public with warnings and research purporting to show that Brexit would take a toll on economic growth, living standards, public services and even property prices....