Some implications of EU membership on Baltic monetary and exchange rate policies
In: EUI working papers
In: Robert Schuman Centre 01,37
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In: EUI working papers
In: Robert Schuman Centre 01,37
World Affairs Online
In: Osteuropa, Band 71, Heft 10/12, S. 211-220
ISSN: 2509-3444
World Affairs Online
In: Osteuropa, Band 71, Heft 10-12, S. 211
ISSN: 2509-3444
In: Comparative economic studies, Band 61, Heft 3, S. 349-358
ISSN: 1478-3320
In: Pacific economic review, Band 23, Heft 2, S. 129-130
ISSN: 1468-0106
In: Pacific economic review, Band 20, Heft 3, S. 442-443
ISSN: 1468-0106
In: BOFIT Discussion Paper No. 18/2004
SSRN
In this paper we utilise a large and reasonably detailed dataset to show that a greater level of democracy in a country's political institutions can alleviate the widely known resource curse.Raw material abundance affects per capita growth negatively, an effect that seems to work through several different channels. Resource-abundant countries have a lower degree of democracy and political rights, and also a lower level of educational attainment. These factors inhibit growth.On the other hand, countries with large extractive industries exhibit high levels of investment.The effects of resource abundance differ for different raw material types, and the largest negative effect on growth appears to come from non-fuel extractive raw materials.
BASE
In: Economics of transition, Band 11, Heft 1, S. 177-196
ISSN: 1468-0351
AbstractThis note looks at the correlation of short‐term business cycles in the euro area and the EU accession countries. The issue is assessed with the help of vector autoregressive models. There are clear differences in the degree of correlation between accession countries. For Hungary and Slovenia, euro area shocks can explain a large share of variation in industrial production, while for some countries this influence is much smaller. For the latter countries, the results imply that joining the monetary union could entail reasonably large costs, unless their business cycles converge closer to the euro area cycle. Generally, for smaller countries the relative influence of the euro area business cycle is larger. Also, it is found that the most advanced accession countries are at least as integrated with the euro area business cycle as some small present member countries of the monetary union.JEL classification: E32, F15, F42.
Digitised version produced by the EUI Library and made available online in 2020.
BASE
In: Post-communist economies, Band 12, Heft 1, S. 25-46
ISSN: 1465-3958
In: BOFIT Discussion Paper No. 3/2024
SSRN
In this note, we review recent data concerning Russia's economic integration with other countries. We first analyze the general picture of Russia's economic integration with the rest of the world and the importance of foreign economic relations for the country. We then turn to China, an increasingly significant economic partner for Russia. The European Union remains Russia's most important trading partner and is by far the most important source of foreign direct investment to Russia as well as sources of other financing. China's importance to Russia has also increased, especially with respect to merchandise trade.
BASE
In: Pacific Economic Review, Band 23, Heft 3, S. 385-410
SSRN