Search results for "Single market"
showing 10 items of 17 documents
Multivariate modeling and analysis of regional ocean freight rates
2018
Abstract In this paper, we propose a new multivariate model for the dynamics of regional ocean freight rates. We show that a cointegrated system of regional spot freight rates can be decomposed into a common non-stationary market factor and stationary regional deviations. The resulting integrated CAR process is new to the literature. By interpreting the common market factor as the global arithmetic average of the regional rates, both the market factor and the regional deviations are observable which simplifies the calibration of the model. Moreover, forward contracts on the market factor can be traded in the Forward Freight Agreement (FFA) market. We calibrate the model to historical spot r…
Assessing the Enlargement and Deepening of the European Union
2008
This paper estimates a theoreticallymotivated gravity model to examine the effect of the European Union (EU) on trade and whet her the order of entry has affected the trade performance of member countries. Additionally, we analyse the impact of the diffe rent phases of EU integration on trade. The results show that both original countries and successive enlargements boost intra-b loc trade. Moreover, the results suggest that the deepening in the integration process has led to more trade creation among members. Finally, only the latter ph ase of the European integration process (the single currency) has increased trade with non-members.
Revisiting “Schumacker”: Source, Residence and Citizenship in the ECJ Case Law on Direct Taxation
2013
ECJ case law on direct taxation has been very important in the development of the international dimension of direct tax systems of EU Member States. Through the application of the non-discrimination principle and the requirements of the fundamental freedoms, some of the basic structures of the implementation of income tax systems have been revised to accommodate to the needs of the single market. However, the requirements of the EU single market are fundamentally incompatible with the assumptions that have served to build the criteria under which modern income tax systems have been developed (worldwide income taxation, residence vs source, unlimited vs limited tax liability, credit vs exemp…
La responsabilità dei prestatori di servizi di condivisione di contenuti online.
2023
Il saggio analizza il recepimento della dir. 2019/790/UE, sul diritto d'autore e i diritti connessi nel mercato unico digitale. Lo studio si concentra sulle norme relative alla responsabilità dei prestatori di servizi di condivisione di contenuti on-line e le confronta con le disposizioni generali contenute nel Digital Services Act. The essay analyzes the transposition of dir. 2019/790/EU, on copyright and related rights in the digital single market. The study focuses on the liability rules of online content sharing service providers and compares them with the general provisions contained in the Digital Services Act.
European Union commitment towards RES market penetration: From the first legislative acts to the publication of the recent guidelines on State aid 20…
2015
Abstract During the last three decades, the European Union (EU) commitment towards the Renewable Energy Sources (RES) market penetration has been very complex, involving several aspects pertaining to the economic and political action of Member States. This paper seeks to overview the historical development of the legislative EU framework, including a description of the main financial programmes established and managed by the EU Directorates General. Moreover, the work will proceed with the picture of some Investment Funds, ad hoc created for RES undertakings, and managed by the European Investment Bank (EIB) in collaboration with the EU or other foreign Bank Institutes. The delicate matter …
Trade balances and exchange rates in the long run for European Union countries
2000
This paper has found evidence that real effective exchange rates have a positive impact on the trade balance in the long run for major European Union countries. This result sheds more light on the long-run statistical relationship between those two variables, at least in the context of the Community. The existence of that link is sustained by the effects that income variables have on the trade balance. The outcomes of this analysis in support of a long-run equilibrium relationship are consistent with the imperfect substitutes model, confirming the validity of this model for economic policy implementation purposes. Low, long-run elasticities of the trade balance with respect to the real effe…
European Union's Competitiveness and Export Performance in Context of EU – Russia Political and Economic Sanctions
2015
Abstract This paper aims to explore performance of European Union's export in context of competitiveness targets enclosed in Europe 2020 strategy. Authors are addressing recent geo-political events regarding EU-Russia political and economic sanctions. Authors evaluate only economic results from sanctions and do not make an analysis of the nature of political sanctions. Paper gives an overview of the European Union trade performance within last 15 years and makes detailed analysis of the trade structure. Further, authors address European Union – Russia trade and nature of the trade. At the end of the article authors evaluate impact of the sanctions that took effect within a last year.
From The Lisbon Strategy To Europe 2020
2015
Abstract The idea of a Western Europe economic recovery occurs after World War II. First as a common market, and later, after enlargement towards Central and Eastern Europe as the single internal market. Due to the new challenges with which the global economy was faced, the longterm and short-term European economy needs a coherent growth economic strategy; the success of this strategy depends on joint action. Expanding the European economy is a continuous and irreversible process, yet it advances too slowly. The Lisbon strategy is a commitment to revive the European economy in all sectors. At 5 years after implementation of this strategy it was found that the results are insufficient, so me…
When trade unions succeed: Cases of blocked liberalisation in the common market
2014
Despite the generally accepted weakness of trade unions at the European Union level, an analysis of two high profile cases - the Services Directive and the Port Directive - shows that trade unions are able to mobilise effectively at the European level and, within constellations of actors, crucially impact EU decision making. In contrast to common claims that a lack of access to EU institutions makes such groups powerless, it is argued here that the exclusion of large opposing societal groups from consultations is neither a quick nor a sure fire recipe for dismantling opposition.On the contrary,it politicises the process and may lead to opposing groups mobilising in more contentious ways.
The British Paper Industry, 1800–2000
2012
Britain was the first country in the world to enter into the business of mechanised papermaking. It continued in the lead in the field of papermaking until the 1890s, after which the momentum of being the first nation successfully to mechanise the production of paper was gradually lost to some of its major competitors in North America and Continental Europe. The first part of the twentieth century was characterised by industry growth disturbed by the First World War, the economic depression of the early 1930s and the Second World War. The post-Second World War era signified the decline of the role of the Empire as a market and business-making area for British companies and also the decline …