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Funding Illiberal Democracy: The Case for Credible Budgetary Conditionality in the EU 资助非自由民主:欧盟可信预算条件的理由
ERN: Economic & Political Integration (Topic) Pub Date : 2020-11-01 DOI: 10.2139/ssrn.3722936
Renáta Uitz
{"title":"Funding Illiberal Democracy: The Case for Credible Budgetary Conditionality in the EU","authors":"Renáta Uitz","doi":"10.2139/ssrn.3722936","DOIUrl":"https://doi.org/10.2139/ssrn.3722936","url":null,"abstract":"This paper argues that without conditioning access to EU funds on respect for the founding values in a credible manner the EU runs the risk of funding many more illiberal governments in the years to come. It explores the literature on the impact of EU financial assistance on domestic politics to argue for budgetary conditionality. The paper also argues for measures of sound financial management to counter the risks of illiberal governmental practices, proposing to draw on existing anti-fraud methods in order to counter oligarchic-clientelistic practices in the member states.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133218643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Convergence in the Euro Zone: Progress Towards the Goal? 欧元区趋同:实现目标的进展?
ERN: Economic & Political Integration (Topic) Pub Date : 2019-08-04 DOI: 10.2139/ssrn.3432056
W. Miles
{"title":"Convergence in the Euro Zone: Progress Towards the Goal?","authors":"W. Miles","doi":"10.2139/ssrn.3432056","DOIUrl":"https://doi.org/10.2139/ssrn.3432056","url":null,"abstract":"Convergence in per-capita income across member countries is a stated goal of the European Union. This goal applies, of course, to all euro zone nations. The impact of a common currency on income convergence is both theoretically and empirically ambiguous, however. Previous studies on European convergence have suffered from methodological problems. In this study, we utilize the pair-wise approach of Pesaran. We use, among other tests, the Lee-Strazicich technique which allows for endogenous breaks. This will allow both for greater power, as well as shedding kight in economic changes-such as the advent of the euro, which may have promoted or hindered convergence. Results indicate little evidence of convergence within the euro zone. Moreover, convergence is more often found between euro and non-euro countries than within the euro itself, suggesting the common currency had at best a neutral, or even negative impact on income convergence.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134263312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Relationship Between the Internal Market and Fundamental Rights: Strengthening Freedom to Conduct a Business in the Service of the European Union Economic Integration 内部市场与基本权利的关系:加强为欧盟经济一体化服务的经营自由
ERN: Economic & Political Integration (Topic) Pub Date : 2019-07-24 DOI: 10.2139/ssrn.3491655
Lucie Plasseraud
{"title":"The Relationship Between the Internal Market and Fundamental Rights: Strengthening Freedom to Conduct a Business in the Service of the European Union Economic Integration","authors":"Lucie Plasseraud","doi":"10.2139/ssrn.3491655","DOIUrl":"https://doi.org/10.2139/ssrn.3491655","url":null,"abstract":"Originally called the European Economic Community, the European Union has evolved over the past fifty decades, with the adoption of the Charter of Fundamental Rights of the European Union in 2000, to become more than a purely economic construction. Combining economic and non-economic preoccupations, this Charter not only strengthens the Union as a community of law, but also contributes to its economic clout with its Article 16 interpreting the Freedom to conduct a business as a Fundamental Right. Thus, while the Court of Justice of the European Union began to give priority to non-economic concerns over economic interests in the early 2000s, it is interesting to observe how the Court now understands the Four Freedoms in the light of the Freedom to conduct a business. By elevating “Freedom to conduct a business” to the status of Fundamental Rights, this Article seems to further complicate the relationship between economic and non-economic concerns. Article 16, which could be a new factor in the equation, could thus tip the balance in favour of economic integration rather than social integration.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"242 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123743344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
英国脱欧的经济影响：基于全球CGE模型分析 (The Economic Effects of Brexit: A Computable General Equilibrium Analysis) 英国脱欧的经济影响：基于全球CGE模型分析 (The Economic Effects of Brexit: A Computable General Equilibrium Analysis)
ERN: Economic & Political Integration (Topic) Pub Date : 2019-02-11 DOI: 10.2139/ssrn.3398605
Jingliang Xiao, Y. Wen
{"title":"英国脱欧的经济影响：基于全球CGE模型分析 (The Economic Effects of Brexit: A Computable General Equilibrium Analysis)","authors":"Jingliang Xiao, Y. Wen","doi":"10.2139/ssrn.3398605","DOIUrl":"https://doi.org/10.2139/ssrn.3398605","url":null,"abstract":"Chinese Abstract: 利用全球可计算一般均衡模型（CGE）对“英国脱欧”的经济影响进行模拟分析。研究提出了三种政策模拟假设：“硬脱欧”、“硬脱欧”后实现自由贸易协定减少贸易壁垒，以及“软脱欧”。针对三种模拟假设场景，研究发现无论英国脱欧以何种方式实现，英国本国经济将面临显著的下行压力，对GDP增长、投资、消费需求、进出口部门以及劳动力市场都将造成严重的负面影响。关税壁垒较高的行业以及高度依赖于进出口的行业部门将面临较大冲击。相比之下，无论是短期还是长期的结果，英国脱欧对欧盟27国的整体经济的冲击则较小。 \u0000 \u0000English Abstract: This paper quantifies the economic effects of Brexit based on the global computable general equilibrium (CGE) model. The simulation provides three “scenarios” of the policy shocks: a. hard Brexit; b. the free trade negotiation achieved after hard Brexit, and c. soft Brexit. This finding shows that the three Brexit scenarios would generate negative effects on the UK economics, including its GDP, welfare, investment, consumption, export/import and labor market. The industries that have high tariff barriers would have more serious impact. But for the EU27 countries, they would be less impacted.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122787829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Regional Stabilization Through Factor Mobility and Government Intervention 要素流动与政府干预的区域稳定
ERN: Economic & Political Integration (Topic) Pub Date : 2019-02-05 DOI: 10.2139/ssrn.3322077
Laszlo Tetenyi
{"title":"Regional Stabilization Through Factor Mobility and Government Intervention","authors":"Laszlo Tetenyi","doi":"10.2139/ssrn.3322077","DOIUrl":"https://doi.org/10.2139/ssrn.3322077","url":null,"abstract":"The contribution of transfers, capital and labor mobility to consumption smoothing are much lower within the European Union than within the United States. This paper identifies the three major smoothing channels by using a structural model and analyzing micro and macro data. I show that, while capital market frictions are important in explaining the difference between the US and the EU, labor markets still play a non-negligible role in the within-US smoothing. Moreover, if inter-regional migration were halved, consumption smoothing would drop by 8 pp., of which a third would relate to capital mobility. However, I find that within-EU capital mobility is almost unaffected by the relatively low level of European labor mobility.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114701243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Outline of a Redistribution-Free Debt Redemption Fund for the Euro Area 欧元区无再分配债务赎回基金纲要
ERN: Economic & Political Integration (Topic) Pub Date : 2019-02-04 DOI: 10.2139/ssrn.3432516
Marika Cioffi, Pietro Rizza, Marzia Romanelli, Pietro Tommasino
{"title":"Outline of a Redistribution-Free Debt Redemption Fund for the Euro Area","authors":"Marika Cioffi, Pietro Rizza, Marzia Romanelli, Pietro Tommasino","doi":"10.2139/ssrn.3432516","DOIUrl":"https://doi.org/10.2139/ssrn.3432516","url":null,"abstract":"Public debts in the euro area have increased sharply due to the economic crisis, and remain at historically high levels in several countries. In a monetary union, high-debt members represent a permanent threat to financial stability, as they are subject – even if fundamentally solvent – to significant rollover risk. Given the tight financial and economic links between member states, a liquidity crisis in one of them would trigger area-wide turmoil. While prudent fiscal policies are essential to address the legacy debt problem, it takes time for them to bring the debt back to (at least) pre-crisis levels. Against this background, the paper explores the feasibility and desirability of transferring a share of national public debts to a European Redemption Fund. In exchange, each country would transfer a yearly flow of resources to the Fund. We show that it is possible to design such a scheme so that it does not entail any ex-ante cross-country redistribution, while the euro area as a whole would benefit as the lowering of member states’ annual refinancing needs would improve financial stability. The fraction of mutualized debt would be fully redeemed over a reasonable number of years. The scheme would not jeopardize national commitment to debt reduction; if anything, market discipline would become more effective at the margin.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126106255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 24
Political Uncertainty Exposure of Individual Companies: The Case of the Brexit Referendum 个别公司的政治不确定性风险:以英国退欧公投为例
ERN: Economic & Political Integration (Topic) Pub Date : 2018-12-20 DOI: 10.2139/ssrn.2888696
P. Hill, Adriana Korczak, Piotr Korczak
{"title":"Political Uncertainty Exposure of Individual Companies: The Case of the Brexit Referendum","authors":"P. Hill, Adriana Korczak, Piotr Korczak","doi":"10.2139/ssrn.2888696","DOIUrl":"https://doi.org/10.2139/ssrn.2888696","url":null,"abstract":"Abstract This paper studies cross-sectional determinants of the exposure of U.K. firms to Brexit, an event which resulted in an unprecedented rise in political uncertainty. We find that internationalization has a moderating effect on Brexit exposure which goes beyond the pure currency translation effect and is consistent with international activities acting as a diversification mechanism for domestic risks. We also provide some indicative evidence that high-growth firms are more affected by Brexit. At the industry level, we show that Financials and firms in the consumer-facing sectors have the highest exposure to Brexit-related uncertainty. Knowledge of the variation in exposure of individual firms and sectors to political uncertainty associated with major political events can assist managers, investors and policymakers in taking remedial actions to limit its impact.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117062979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 69
'No Deal' Fear-checker: UK Ports “无协议”恐惧检查:英国港口
ERN: Economic & Political Integration (Topic) Pub Date : 2018-11-21 DOI: 10.2139/ssrn.3853148
J. Jessop
{"title":"'No Deal' Fear-checker: UK Ports","authors":"J. Jessop","doi":"10.2139/ssrn.3853148","DOIUrl":"https://doi.org/10.2139/ssrn.3853148","url":null,"abstract":"It is often claimed that a no-deal Brexit would cause chaos at UK ports, with long delays at critical bottlenecks such as Dover, and motorways turned into vast lorry parks. This would be especially damaging for businesses that rely on complicated cross-border supply chains, notably in high-value manufacturing, or which are otherwise particularly time-sensitive, such as those transporting fresh foods or medicines.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122735658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Legal Solution vs. Discursive Othering: The (Dis)Integrative Effects of Supranational Differentiation 法律解决与话语他者:超国家分化的(非)整合效应
ERN: Economic & Political Integration (Topic) Pub Date : 2018-08-20 DOI: 10.2139/ssrn.3235289
D. Thym
{"title":"Legal Solution vs. Discursive Othering: The (Dis)Integrative Effects of Supranational Differentiation","authors":"D. Thym","doi":"10.2139/ssrn.3235289","DOIUrl":"https://doi.org/10.2139/ssrn.3235289","url":null,"abstract":"Debates about differentiated integration are full of rhetoric extremes: while proponents often present it as a magic potion allowing the EU to thrive, critics portray the (non)participation of some Member States in selected policy projects as a deadly poison that lays the axe unto the roots of the unitary vision of legal supranationalism. This contribution contends that both positions exaggerate the significance of differentiation due to a widespread misunderstanding among legal academics and political actors about the significance of the law for the success or failure of the integration process. Against this background, a dual argument will be put forward. To begin with, differentiation can be accommodated with the essential features of supranational integration through law – notwithstanding repeated claims to the contrary. As a pragmatic tool, it allows the EU institutions to overcome a stalemate of decision-making, thereby deepening integration in diverse policy fields such as justice and home affairs, monetary union or defence. Nevertheless, a critical reappraisal of differentiation is warranted, which moves beyond legal-institutional arguments and considers how differentiation interacts with the broader crisis of European constitutionalism by undermining the legitimatory infrastructure of the European project.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123289390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Impact of Brexit on Environmental Protection in Scotland: Some Early Reflections 英国脱欧对苏格兰环境保护的影响:一些早期思考
ERN: Economic & Political Integration (Topic) Pub Date : 2017-10-13 DOI: 10.3366/ELR.2018.0461
A. Savaresi
{"title":"The Impact of Brexit on Environmental Protection in Scotland: Some Early Reflections","authors":"A. Savaresi","doi":"10.3366/ELR.2018.0461","DOIUrl":"https://doi.org/10.3366/ELR.2018.0461","url":null,"abstract":"With much of UK and Scottish environmental law presently originating in Brussels, experts have long warned of the challenges associated with Brexit in this sector. These challenges are not just constitutional, but affect the very mechanics of environmental law-making, implementation and enforcement. This article offers some reflections on the likely implications of Brexit for environmental protection in Scotland and recommendations for solutions that may be adopted to address these.","PeriodicalId":246606,"journal":{"name":"ERN: Economic & Political Integration (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124657562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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