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Journal articles on the topic 'Macroeconomics – European Union countries'

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1

Misztal, Anna, Magdalena Kowalska, Anita Fajczak-Kowalska, and Otakar Strunecky. "Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization." Energies 14, no. 16 (2021): 5197. http://dx.doi.org/10.3390/en14165197.

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Decarbonization is an activity aimed at reducing greenhouse gas emissions to limit climate change and global warming. Ensuring macroeconomic stabilization is the basis for ecological action. The question is whether macroeconomic stabilization helps companies, institutions and countries act for decarbonization. This article presents research on the impact of components of macroeconomic stabilization on decarbonization and energy efficiency in the largest greenhouse gas emitters in the European Union from 1990 to 2020. We focus on the following countries, France, Germany, Italy, Poland and Spain
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Stavytskyy, A., and M. Kozub. "Modeling of income inequality in the European Union countries." Bulletin of Taras Shevchenko National University of Kyiv. Economics, no. 205 (2019): 34–40. http://dx.doi.org/10.17721/1728-2667.2019/205-4/5.

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The article describes the current tendencies of the development of income differentiation processes in the countries of the European Union during the last 10 years. According to the analysis of the i mpact of income inequality on the economy of the countries, there is an inverse relationship between the growth of the gap between the income of different groups of people and the economic development. In order to confirm this conclusion and calculate the real index of income inequality, the dynamic stochastic general equilibrium (DSGE) model has been developed. The authors analysed three macroeco
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Marjanović, Maja, and Marina Đorđević. "Efficiency of Fiscal Policy Stabilization Measures in European Union Countries." Economic Themes 62, no. 3 (2024): 367–87. https://doi.org/10.2478/ethemes-2024-0020.

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Abstract For decades, macroeconomists have analyzed the role of fiscal policy in stabilizing economic trends in theory and practice. However, there is no general consensus on the efficiency of fiscal policy in stabilizing economic flows. Historically, fiscal policy has generally been considered stabilizing, but its flexibility in modern conditions can also have a developmental effect on the specific national economy. Macroeconomic instability can be caused by various shocks. First of all, this paper will discuss the basic postulates of stabilization fiscal policy in modern conditions and the m
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Lingaitienė, Olga, Virginija Grybaitė, and Aurelija Burinskienė. "Core Elements Affecting Sharing Evidence from the European Union." Sustainability 14, no. 7 (2022): 3845. http://dx.doi.org/10.3390/su14073845.

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Sharing activities are receiving greater attention due to increasing popularity in recent years. This article focuses on how the use of digital sharing platforms by customers to share products and services helps to increase the saving of natural resources and support sustainable development. In the paper, the authors investigated the main elements affecting ICT based sharing. (1) Literature review: The theoretical part starts with the revision of definitions of sharing activities; descriptions of the links between sharing and sustainable development, policy recommendations, and relevant regula
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Migala-Warchol, Aldona. "Forecasting Macroeconomic Indicators for Selected European Union Countries." EUROPEAN RESEARCH STUDIES JOURNAL XXV, Issue 2 (2022): 420–31. http://dx.doi.org/10.35808/ersj/2930.

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Sorrosal-Forradellas, M. Teresa, Lisana B. Martinez, and Antonio Terceño. "Are European sovereign bond spreads in concordance with macroeconomic variables evolution?" Kybernetes 46, no. 1 (2017): 85–101. http://dx.doi.org/10.1108/k-06-2016-0121.

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Purpose The last great financial crisis which arose in the middle of 2007 in the USA produced contagion effects over others economies. The purpose of this paper is focused on analyzing the evolution of a set of economic variables of 17 European countries since 1991 until 2013. Sovereign bond spreads are also considered to compare the incidence of the financial crisis over the economies considering macroeconomics fundamentals and fixed bonds. Design/methodology/approach Self-organizing maps (SOMs) are used to achieve the purpose of the research. With this methodology, it is possible to analyze
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7

Sirakovova, Eva. "Behavioural Macroeconomics: Unveiling the Psychology of Inflation Expectations." Pénzügyi Szemle = Public Finance Quarterly 70, no. 2 (2024): 93–109. http://dx.doi.org/10.35551/pfq_2024_2_4.

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This article delves into the exploration of intersections between behavioural economics and macroeconomics, focusing on the psychology of inflation expectations. We present a critique of the Rational Expectations Hypothesis (REH) and propose perspectives from the standpoint of behavioural macroeconomics. In the empirical section, we examine the relationship between the evolution of inflation expectations and real inflation, revealing distinct patterns in the expected inflation distribution among the observed countries—the European Union and the United States. The article also addresses procedu
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Marčeta, Milja, and Štefan Bojnec. "What drives global competitiveness in the European Union countries?" Acta Oeconomica 73, no. 3 (2023): 347–64. http://dx.doi.org/10.1556/032.2023.00020.

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AbstractThis paper examines the effect of factors of national competitiveness measured by the Global Competitiveness Index (GCI). It aims to identify the key factors that determine GCI of the European Union (EU-28) countries. We observe the composite indicator of GCI and the 12 factors of competitiveness in the period of 2008–2019 focusing on the links between the GCI and the factors of institutions, infrastructure, macroeconomic environment and its stability and market size. The GCI is determined using correlation and regression analyses and Structural Equation Model. A significantly positive
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9

Vo, Duc Hong, and Nam Thanh Vu. "Exchange rate pass-through for European Union countries." PLOS ONE 19, no. 8 (2024): e0309527. http://dx.doi.org/10.1371/journal.pone.0309527.

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Exchange rate pass-through (ERPT) represents a degree to which changes in nominal exchange rates are transmitted into domestic prices. European Union (EU) countries have experienced the unprecedented inflationary pressure due to high geopolitical risk events. As such, understanding the ERPT plays a crucial role. This study provides a comprehensive and up-to-date analysis of ERPT to import prices for 16 EU countries from January 2006 to December 2022. Using the panel autoregressive distributed lag (ARDL) model, our findings confirm the linear, rather than nonlinear, ERPT pattern characterized b
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10

Feldmeier, Gerhard. "German foreign trade surpluses – a problem for the European Monetary Union?" International Journal Of Innovation And Economic Development 1, no. 1 (2015): 7–17. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.11.2001.

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In the light of the controversial discussion on the cause and effects to the total economy of the high export surplus of one country and their consequences for other countries, the concrete question as to whether high German balance on current account surplus mentioned is indeed responsible, as alleged, for macroeconomic divergence in the European Union or for balance on current account deficits in other European countries will is addressed in this paper. We examine how and to what extent German export success represents a lasting threat to the stability of the Eurozone and impedes economic re
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Siljak, Dzenita, and Sándor Gyula Nagy. "Do Transition Countries Converge towards the European Union?" Baltic Journal of European Studies 9, no. 1 (2019): 115–39. http://dx.doi.org/10.1515/bjes-2019-0007.

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AbstractThe aim of this paper is to analyze if the Western Balkan and Eastern Partnership countries converge towards the twenty-eight members of the European Union. The relationships between the selected macroeconomic variables and per capita GDP growth rate are econometrically tested to support this research. The analyzed period is 2004–2017, with two sub-periods: 2004–2008 and 2009–2013. The subdivision is made to test whether the recent financial crisis affected the absolute and conditional convergence process in the analyzed group of countries. The empirical findings support the economic c
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Vainilavicius, Andrius. "European Union consumer inflation expectations in macro panels." Review of Socio-Economic Perspectives 10, no. 1 (2025): 67–79. https://doi.org/10.2478/rsep-2025-0006.

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Abstract Paper investigates the role of consumer inflation expectations in macroeconomic variable dynamics within select European Union countries from 2004Q1 to 2024Q3, employing a panel vector autoregression (PVAR) model. The empirical analysis compares two approaches: balance statistics and various configurations of the Carlson-Parkin quantification method, studying variations in inferred dynamics dependent upon methodological selection. The results indicate that consumer inflation expectations modestly influence aggregate demand and inflation, consistent with intertemporal substitution effe
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Mikuła, Aneta, Małgorzata Raczkowska, and Monika Utzig. "Pro-Environmental Behaviour in the European Union Countries." Energies 14, no. 18 (2021): 5689. http://dx.doi.org/10.3390/en14185689.

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The purpose of the presented research is to assess pro-environmental behaviour (PEB) in European Union countries in 2009 and 2019. The study used a synthetic measure developed using the TOPSIS (Technique for Order Preference by Similarity to an Ideal Solution) benchmark method. This method enables distinguishing classes and ranks of countries depending on the adopted characteristics. Basic measures of descriptive statistics, i.e., average, standard deviation and the coefficient of variation, were used in the analysis of the data set. The main research question addressed in this study concerns
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STOIKA, Viktoriia. "Problems of Ukraine’s integration into the European Union." Scientific Papers of Silesian University of Technology. Organization and Management Series 2020, no. 146 (2020): 469–86. http://dx.doi.org/10.29119/1641-3466.2020.146.33.

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European integration and the identification of obstacles to full membership in the European Union. Design/methodology/approach: The methodological and theoretical basis of the article is the fundamental provisions of economic theory, the works of scientists and economists in the field of international economic relations and integration. Findings: The article explores the problems of Ukraine’s integration into the EU. The study analyzed the attitude of Ukrainians towards European integration, identified the main arguments for and against accession to the EU countries, as well as the main intern
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Vidovic, Aleksandra. "Management of Market Development of South East Europe Countries." Journal of Business Theory and Practice 7, no. 2 (2019): p89. http://dx.doi.org/10.22158/jbtp.v7n2p89.

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Development management in most cases starts closer economic cooperation in order to increase GDP and welfare, which is primarily economic. Market liberalization has in fact started the integration of European states. The countries of South East Europe need to aim at for development paying particular attention to the maintenance of macroeconomic stability South East Europe need to aim at management changes paying particular attention to the maintenance of macroeconomic stability, competitiveness and cooperation with the European Union.In this work, the author wishes to emphasize the importance
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16

Fendel, Ralf, and Michael Frenkel. "Putting European Monetary Integration into a Historical Perspective: Two Decades of the European Monetary System versus Two Decades of the European Monetary Union." Jahrbücher für Nationalökonomie und Statistik 239, no. 5-6 (2019): 769–95. http://dx.doi.org/10.1515/jbnst-2018-0097.

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AbstractThis comparative study looks at broad economic developments during the 20 years of the European Monetary Union (EMU) and 20 years of the European Monetary System (EMS). We analyze the economic performance by looking at a set of macroeconomic variables. The analysis of macroeconomic performance includes two perspectives: one is internal, i. e. how did the countries perform relative to each other; the other is external, i. e. how did the group of member countries perform vis-à-vis other countries. Overall, the analysis of the two periods suggest that the EMU does not display a macroecono
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17

Katunar, Jana, Vinko Zaninović, and Hrvoje Katunar. "MACROECONOMIC DETERMINANTS OF WINE PRODUCTION IN THE EUROPEAN UNION." Ekonomska misao i praksa 30, no. 1 (2021): 43–55. http://dx.doi.org/10.17818/emip/2021/1.2.

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This paper focuses on the determinants of wine production in the European wine industry. In the last two decades, the European wine industry has undergone many changes due to the entry of new countries into the world wine market. Although increasing competitiveness became the priority of the European Common Agricultural Policy, wine production and consumption in the EU have decreased in the last two decades, and therefore the aim of this research is to analyse and identify the macroeconomic determinants of wine production, i.e. what factors besides the price influence wine production in select
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18

Mihai, Florin, Ofelia Aleca, Andrei Stanciu, and Daniel-Marius Iordache. "Evaluating Economic Efficiency through Digital Technologies." Proceedings of the International Conference on Business Excellence 18, no. 1 (2024): 1324–34. http://dx.doi.org/10.2478/picbe-2024-0109.

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Abstract The rapid advancement of digital technologies has generated increased interest among researchers to investigate and evaluate the impact of these technologies on economic efficiency. The purpose of this study is to identify and analyze the influence of digital technologies on economic efficiency in the countries of Europe and the European Union (EU) over seven years (2016-2022), for which the necessary data was found. The fundamental question of the study is: which countries in the European Union and across the entire European continent exhibit a trend of increasing revenues from the E
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19

ISAYEVA, Ainur, Zhanar MEDEUBAYEVA, Saule ALIEVA, and Asemgul GUSMANOVA. "POLICY OF THE EUROPEAN UNION IN THE FIGHT AGAINST TERRORISM: STATE, OPPORTUNITIES AND LIMITATIONS." PUBLIC ADMINISTRATION AND CIVIL SERVICE, no. 2 (June 30, 2022): 85–94. http://dx.doi.org/10.52123/1994-2370-2022-631.

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In the 21st century, terrorism has become a global problem and one of the main factor in world politics at all levels. Cyclical economic and financial crises have a detrimental effect on the state of the social sphere in all countries without exception, thereby creating fertile ground for radical sentiments and terrorist intentions. The growth of geopolitical tension in the world over the past decades has also contributed to the expansion of the activity of terrorist groups around the globe. This article through SWOT analysis attempts to study the state of the EU's fight against terrorism. The
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20

Costabile, Lilia. "Istitutions for Social Well-Being: alcune risposte." QA Rivista dell'Associazione Rossi-Doria, no. 3 (August 2009): 103–11. http://dx.doi.org/10.3280/qu2009-003005.

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- Answering the round table participants, the author illustrates the project of this book and its main findings. While the book implies a focus on social policy, the contributors have brought to it their expertise not only in welfare economics but also in macroeconomic and monetary policy. This article outlines how social policy relates to these economic issues, and adopts an international political economy approach both in explaining hierarchies among countries, and in calling into question the "efficiency/equality trade off" as a useful instrument in comparing the economic performance of Eur
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Padilla, León, Sarah Carrington, and Eduardo Marín. "Fragile Union: A Machine Learning Analysis of Structural Heterogeneity and Divergence within the EMU." Ekonomika 103, no. 4 (2025): 61–80. https://doi.org/10.15388/ekon.2024.103.4.4.

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This paper applies unsupervised machine-learning techniques to a set of nominal and industrial sector production variables to examine the convergence of European Monetary Union (EMU) member countries, focusing on macroeconomic and structural homogeneity. Our findings reveal distinct clusters of countries based on macroeconomic stability and industrial sector characteristics, highlighting a central group of core Northern European countries and a secondary group of peripheral, mainly Southern European economies. The significant differences between these clusters, particularly when considering re
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KUZMINA, Violetta M., and Arina V. SVETIKOVA. "THE REACTION OF THE WORLD COMMUNITY AND THE ECONOMIES OF GREAT BRITAIN AND THE EU TO BREXIT." Historical and social-educational ideas 11, no. 2 (2019): 147–57. http://dx.doi.org/10.17748/2075-9908-2019-11-2-147-157.

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Introduction. Today Brexit is one of the most pressing issues of world politics, due to the acquisition of global proportions. Of course, this process is a phenomenon at the regional level, but the very fact of the voting and the efforts being made to exit the UK economy from the EU created many questions around themselves, thereby giving rise to the idea in the minds of the population of other countries that the EU cannot cope with the main functions there is the possibility of holding a referendum and a decision to leave the union. The UK and the European Union have never been partners for e
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Gajdzik, Bożena, Radosław Wolniak, Rafał Nagaj, Wieslaw Wes Grebski, and Taras Romanyshyn. "Barriers to Renewable Energy Source (RES) Installations as Determinants of Energy Consumption in EU Countries." Energies 16, no. 21 (2023): 7364. http://dx.doi.org/10.3390/en16217364.

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The article presents an analysis of the statistical relationship between the determinants of and barriers to the development of renewable energy sources (RESs) in the macroeconomic system and the development of renewable energy source consumption in individual European Union countries. The article considers four key categories of RES development barriers in the European Union: political, administrative, grid infrastructural, and socioeconomic. The work is based on publicly available historical data from European Union reports, Eurostat, and the Eclareon RES Policy Monitoring Database. The empi
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Aljohani, Emad S., and Benaissa Chidmi. "Analyzing Technical Efficiency in Cereal Production across Selected European Union Countries." Sustainability 16, no. 2 (2024): 546. http://dx.doi.org/10.3390/su16020546.

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This paper investigates the technical efficiency of cereal production in European Union (EU) countries from 2008 to 2018. The primary purpose is to estimate technical efficiency scores by country and crop and explain their variation using macroeconomic and agricultural policy variables using the stochastic frontier production function. The results indicate that the United Kingdom has the highest efficiency in barley production, while Finland has the lowest. France exhibits the highest efficiency in common wheat, and Romania has the lowest efficiency in grain maize production. This study also e
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Nicoleta, ONOFREI, and PAŞA, Adina Teodora. "PRIVATE CONSUMPTION IN THE EUROPEAN UNION: A COMPARATIVE STUDY." ECONOMY AND SOCIOLOGY 2019 NO. 1, no. 2021.1 (July 1, 2021): 52–62. http://dx.doi.org/10.36004/nier.es.2021.1-05.

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The aim of this paper is to study consumption of households from an economic and cultural perspective in the European Union with 28 Member States during the period 2010-2019. For this purpose, we compared the Eastern European countries, dominated by rapid economic growth and development with the Western European countries, which represent the most developed countries in the EU-28. From this perspective, we proposed a multidimensional analysis of consumption that includes macroeconomic indicators of households’ wealth, which strongly influence their consumption together with an overview on expe
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Holobiuc, Ana-Maria. "Determinants of economic growth in the European Union. An empirical analysis of conditional convergence." SocioEconomic Challenges 5, no. 2 (2021): 26–34. http://dx.doi.org/10.21272/sec.5(2).26-34.2021.

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Being established from the initiative of six visionary countries in the second half of the 20th century, the European Economic Community has shifted the history of the European continent by promoting economic collaboration and political stability. Given its initial success, the regional group has quickly evolved from customs union to Economic and Monetary Union, comprising nowadays twenty-seven European countries. Although the European Union has successfully managed political, economic, social and even sanitary turmoil, the stability of the European architecture continues to be threatened by t
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Trpkova-Nestorovska, Marija. "FACTORS OF EMIGRATION: ANALYSIS OF COUNTRIES FROM THE EUROPEAN UNION." Knowledge International Journal 32, no. 1 (2019): 33–38. http://dx.doi.org/10.35120/kij320133t.

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The past decade was a period that was characterized by massive migration flows in European Union countries, a situation like none other before. Different migration flows contributed to inflow of working force from conflict areas of the Middle East, countries from the Western Balkans, and also migration within the European Union. While immigration is dominant, emigration also has large impact in the migration flow in the EU. The purpose of this paper is to determine the main factors that contribute to emigration in the 28 EU countries. The panel regression model with random effects is used wher
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Nagy, Sándor Gyula, and Dženita Šiljak. "Is the European Union still a convergence machine?" Acta Oeconomica 72, no. 1 (2022): 47–63. http://dx.doi.org/10.1556/032.2022.00003.

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Abstract We investigate whether the European Union can be considered as a convergence machine after the 2008/2009 financial crisis. To do so, we econometrically test the relationship between the per capita GDP growth rate and macroeconomic variables in the period of 2004–2018, further subdivided into three periods: 2004–2008, 2009–2013 and 2014–2018. We hypothesize that the 2008/2009 financial crisis had a negative effect on the σ and β-convergence process. Our results support the convergence hypothesis, namely that the poor countries tend to grow faster than the rich countries. The convergenc
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Ciocîrlan, Cecilia, Maria-Cristina Zwak-Cantoriu, Andreea Stancea, and Dimitrie-Daniel Plăcintă. "European Macroeconomic Dynamics on Financial Markets and Economic Policy: A Cross Country Study for Spillover Effects." Studia Universitatis Babes-Bolyai Oeconomica 68, no. 3 (2023): 40–63. http://dx.doi.org/10.2478/subboec-2023-0014.

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Abstract What is the direction and extent of the spillover effects of sovereign bond yields in the European Union and which countries are transmitters and receivers of these effects? The motivation for this research is related to the need to better understand the interconnectedness of European Union sovereign bond markets in the context of rising budget deficits and public debt, as well as recent financial and sovereign debt crises, which have highlighted the importance of bond market interdependencies. The main objective of the paper is to investigate the direction and magnitude of the spillo
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30

Sojka, Elżbieta. "Health condition of ageing populations of the European Union." Bulletin of Geography. Socio-economic Series 23, no. 23 (2014): 135–48. http://dx.doi.org/10.2478/bog-2014-0009.

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AbstractThe paper is a comparative analysis of health condition of EU-27 states that are differentiated with respect to demographic situation and the level of social and economic development with the use of methods of multidimensional comparative analysis. Relationships between macroeconomic values and health indices of EU populations were also studied with the use of demometric models. The study was performed for 2009. The most favourable health situation (in the light of diagnostic qualities adopted for the study) was observed in Cyprus, where the value of synthetic measure was almost 0.9. C
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Tang, Donny. "Has European monetary union influenced the European Union bank lending flows to the EU countries from Central and Eastern Europe?" Journal of Financial Economic Policy 11, no. 2 (2019): 263–82. http://dx.doi.org/10.1108/jfep-05-2018-0080.

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Purpose The purpose of this study is to modify the gravity model to identify the main determinants of the European Union (EU) bank lending to the Central and Eastern Europe (CEE) countries during 1994-2012. Design/methodology/approach This study uses both two-stage least squares and dynamic generalized method of moments to estimate the modified gravity model. Findings This study finds that the CEE countries with more developed stock markets have received the higher EU bank lending inflows. The EU banks have greater access to additional financing in the stock markets. Second, the higher stock m
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Ramescu, Doriana Andreea, and Nicoleta Sirghi. "THE PRICE EVOLUTION IN THE CONTEXT OF ECONOMIC CRISIS." Oradea Journal of Business and Economics 2, no. 1 (2017): 72–80. http://dx.doi.org/10.47535/1991ojbe019.

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The economic crisis is a negative macroeconomic phenomenon with consequences both at European Union level and worldwide. The main objective of this paper is to analyse the variation of price levels in Romania, during the economic crisis until the end of 2015, compared with the Member States of the European Union and the countries of the European Free Trade Association. For this research, information provided by EUROSTAT was used, such as price level indices for actual individual consumption per capita, and for different goods and services, calculated based on purchasing power parity. The aim i
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Ádám, Zoltán, László Csaba, András Bakács, and Zoltán Pogátsa. "Book Reviews." Acta Oeconomica 56, no. 4 (2006): 455–68. http://dx.doi.org/10.1556/aoecon.56.2006.4.5.

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István Csillag - Péter Mihályi: Kettős kötés: A stabilizáció és a reformok 18 hónapja [Double Bandage: The 18 Months of Stabilisation and Reforms] (Budapest: Globális Tudás Alapítvány, 2006, 144 pp.) Reviewed by Zoltán Ádám; Marco Buti - Daniele Franco: Fiscal Policy in Economic and Monetary Union. Theory, Evidence and Institutions (Cheltenham/UK - Northampton/MA/USA: Edward Elgar Publishing Co., 2005, 320 pp.) Reviewed by László Csaba; Piotr Jaworski - Tomasz Mickiewicz (eds): Polish EU Accession in Comparative Perspective: Macroeconomics, Finance and the Government (School of Slavonic and Ea
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Stanković, Jelena J., Marija Džunić, and Vesna Janković Milić. "Competitiveness and the EU Accession Process: Can Candidate Countries Become Competitive as EU Countries?" Economic Themes 57, no. 4 (2019): 415–32. http://dx.doi.org/10.2478/ethemes-2019-0024.

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AbstractEconomic growth and competitiveness are usually analysed at the level of the national economy in traditional economic research. The problem of competitiveness within this line of thought is mainly regarded from the perspective of determining the sources of sustainable growth, which makes the economy more competitive than others. Competitiveness, therefore, is a multidimensional concept, which includes a range of factors, such as institutions, infrastructure, macroeconomic environment, market, human capital and technological development. Also, the process of joining the European Union s
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Tsvyetkov, Andriy. "Role and place of the National Bank of Ukraine in Ukraineʼs accession to the EU and the Eurozone: Experience of central banks of EU countries". Ûridičnij časopis Nacìonalʹnoï akademìï vnutrìšnìh sprav 14, № 4 (2024): 14–53. https://doi.org/10.56215/naia-chasopis/4.2024.41.

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In this study, the role and place of the National Bank of Ukraine in the context of the countryʼs integration into the European Union and possible entry into the Eurozone are investigated. The experience of the central banks of European Union countries that have adapted to the requirements of the European System of Central Banks and the European Central Bank was analysed. The purpose of the research was to study the issues of harmonisation of legislation, monetary policy, financial stability, institutional independence and macroeconomic convergence. The study outlined the main stages that the
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Srdić Gojković, Biljana, Sanja Popović, and Marijana Đukić. "FISCAL CONSEQUENCES OF THE SUSPENSION OF FISCAL RULES IN THE EUROPEAN UNION." ASECU 20 (2025): 98–106. https://doi.org/10.63356/978-99976-57-32-9_8.

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A specific feature of the European Economic and Monetary Union is centralized monetary policy under the competence of the European Central Bank and decentralized fiscal policy under the competence of the national authorities of the member states. In order to ensure the conduct of a sound fiscal policy by each member state, it was necessary to establish certain common rules for the conduct of fiscal policies at national levels, that is, to establish binding fiscal criteria, or more precisely fiscal limits, which are based on the principle of sustainable fiscal policy. However, the application o
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MIERZEJEWSKI, MATEUSZ. "MACROECONOMIC STABILITY OD POLAND AGAINST THE BACKGROUND OF THE EUROPEAN UNION COUNTRIES IN 2007 – 2017." sj-economics scientific journal 28, no. 1 (2018): 243–58. http://dx.doi.org/10.58246/sjeconomics.v28i1.153.

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The article presents the analysis of macroeconomic stability of Poland using the Pentagon of macroeconomic stabilization and the Macroeconomic Imbalance Procedure (MIP) indicators. The results of the analysis showed that in 2007-2014 Poland maintained the status of a macroeconomic stable economy, however, the changes resulting from the impact of the global financial crisis of the beginning of the 21st century were noted as well as the weakening of some values related to the stability of the country in later periods. It is worth remembering that when analyzing all kinds of macroeconomic indicat
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Mokhova, Natalia, and Marek Zinecker. "The determinants of capital structure: the evidence from the European Union." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 61, no. 7 (2013): 2533–46. http://dx.doi.org/10.11118/actaun201361072533.

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The aim of this study is to indicate the influence of several internal determinants on capital structure in different European countries and retrace its tendency taking into consideration the membership of the European Union. Nowadays there are a lot of debates according the future of the European Union. The recent global financial crisis and the following European debt crisis show the significance of the country financial stability and its impact on the private sector. The paper investigates 32 countries of European Union dividing them into three groups as (1) old EU members (15 countries), (
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Osipov, V. S. "To Characteristic the Uneven Economic Development of the European Union." Russian Economic Journal, no. 6 (December 2019): 63–73. http://dx.doi.org/10.33983/0130-9757-2019-6-63-73.

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The article attempts to econometric modeling of the influence of a complex of factors on the volume and dynamics of the economies of the member States of the European Union, taking into account their differentiation. The main results of the author’s research are as follows. First, the fundamental coincidence of trends in the EU GDP dynamics with global trends and the presence of a strong negative impact on this dynamics of the global crisis of the late 2000s have been established. Secondly, it is once again confirmed that there is a significant differentiation between the founding States of th
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Kowalska, Magdalena, and Anna Misztal. "The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland." Comparative Economic Research. Central and Eastern Europe 26, no. 3 (2023): 107–26. http://dx.doi.org/10.18778/1508-2008.26.23.

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The paper presents the results of an analysis of the impact of economic equilibrium, the Human Development Index, the KOF Globalization Index and the Global Competitiveness Index on the sustainable development of manufacturing enterprises and their components in France, Germany, Italy and Poland from 2008 to 2021. We use the Ordinary Least Squares (OLS) and the Seemingly Unrelated Regression methods (SUR). The results show that these external factors significantly impact an enterprise’s sustainable development. Our models also show a different strength and direction of relationships between th
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KUCERA, Jozef, and Milan FILA. "Business Environment and The Performance of The Sports Industry in Relation to The Population Physical Activity of The EU." Journal of Business 10, no. 1 (2021): 31–42. http://dx.doi.org/10.31578/job.v10i1.184.

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The promotion of sport and the physical activity of the population form the basis of the European Union’s sport policy. Entrepreneurship and entrepreneurial activities are the backbone not only of modern economies but also of economic sciences. Entrepreneurship in the sports sector has not only a significant macroeconomic impact but entails also many other social benefits (the sport itself). This paper focuses on the relationship between the 2 derived macroeconomic indicators of sports satellite accounts and sports activity of the population of the European Union countries. The aim of the pape
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Garcia-Centeno, Ma Carmen, Jorge Uxo, and Roman Minguez. "Rankings In The Euro Zone Based On Macroeconomic Information." Review of Business Information Systems (RBIS) 15, no. 5 (2011): 31–40. http://dx.doi.org/10.19030/rbis.v15i5.6016.

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One consequence of the Great Recession that began in 2008 has been the sovereign debt crisis within the European Monetary Union (EMU) and the increasing risk premium associated with government debt of "peripheral" countries (primarily, Greece, Ireland, Portugal and Spain). Firstly, this paper analyses what macroeconomic variables are more related with the evolution of the risk premium, using panel data estimation. Secondly, we also try to sort the countries belonging to the monetary union in terms of their likelihood of experiencing an increase in the risk premium. To this purpose, we use disc
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Pietrzykowski, Robert. "Zróżnicowanie dochodów gospodarstw rolniczych państw Unii Europejskiej – ujęcie czasowo-przestrzenne." Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego 17(32), no. 1 (2017): 142–51. http://dx.doi.org/10.22630/prs.2017.17.1.13.

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The aim of the study was to show changes in income received by farmers in countries belonging to the European Union having regard to the factors which are time and location in space. In the performed analysis, we pay special attention to the countries which joined the EU after 2004 (UE 11: Estonia, Czech Republic, Latvia, Lithuania, Poland, Slovakia, Slovenia, Hungary, Bulgaria, Romania and Croatia). The study used data on farms, which are generally in the Eurostat database. Because of the macroeconomic nature of the research used in Economic Accounts for Agriculture (RER). The study used auto
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Razić, Sanel, and Merim Kasumović. "MACROECONOMIC STABILITY OF NEW MEMBER STATES OF THE EUROPEAN UNION: FIFTH ENLARGEMENT." ЗБОРНИК РАДОВА ЕКОНОМСКОГ ФАКУЛТЕТА У ИСТОЧНОМ САРАЈЕВУ 8, no. 19 (2020): 55. http://dx.doi.org/10.7251/zrefis1919055r.

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The historical context of globalization as an organized process, which influenced the majority of national economies linked via international institutional mediators, led to the so called regional economic integration phenomenon. It is interpreted as the efforts of underdeveloped and developing countries to speed up their economic growth and more significantly impact the entire macroeconomic stability by means of some form of regional integration. Nowadays, regional economic integration is one of the pillars for proper functioning of modern economic relations. Experience of developed countries
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Gibson, Heather D., and Euclid Tsakalotos. "European Monetary Union and Macroeconomic Policy in Southern Europe: the Case for Positive Integration." Journal of Public Policy 11, no. 3 (1991): 249–73. http://dx.doi.org/10.1017/s0143814x00005328.

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ABSTRACTThis paper discusses the prospects of Greece, Portugal and Spain completing stage 1 of the Delors plan. Much of the academic literature on the removal of capital controls seeks to extend the experience of the ERM countries in the 1980s. We argue that its applicability for southern Europe is not straightforward, because these countries have not had the same experience of operating the ‘old’ ERM with capital controls, and examine the implications for these countries of removing capital controls for macroeconomic, and especially, fiscal policy. Intermediate institutional arrangements may
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Kajurová, Veronika, and Petr Rozmahel. "Stock Market Development and Economic Growth: Evidence from the European Union." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 64, no. 6 (2016): 1927–36. http://dx.doi.org/10.11118/actaun201664061927.

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The paper examines the causal relation between the stock markets development and economic growth in the EU countries. In particular, the nature and causality direction is investigated. Panel data techniques including cointegration tests, vector error correction models and Granger causality tests were applied to indicate the nature and direction of causality. Long‑run effects of the economic growth upon stock market development was detected in the sample of the Euro area member countries. In addition, the short‑run mutual relations between growth and stock markets were indicated in that country
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Rutskiy, Vladislav N., and Ilia A. Filippov. "Relationship Between the Level of Poverty and the Factors of Green Economy in the Countries of the European Union." Financial Journal 14, no. 1 (2022): 56–70. http://dx.doi.org/10.31107/2075-1990-2022-1-56-70.

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The paper is aimed at studying approaches to measuring poverty and the green economy, and conducting an empirical analysis of the relationship between the poverty rate and the factors of the green economy for the countries of the European Union. The authors identify trends in the formation of a new model of environmentally sustainable development in these countries. An empirical correlation and regression model is developed, which describes, along with macroeconomic factors, the impact of green economy factors on the level of poverty risk in the EU countries. The assessment of the model specif
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TOMA, MINA-MĂDĂLINA, and ANGELA ROMAN. "STABILITY OF THE BANKING SECTOR AND MACROECONOMIC PERFORMANCE IN THE COUNTRIES OF THE EUROPEAN UNION." European Journal of Public Administration Research, no. 3 (2024): 69–87. http://dx.doi.org/10.47743/ejpar.2024-3-5.

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The paper aims to discuss the current challenges of the banking sector in terms of risks in bank lending and to highlight the importance of effective risk management. The analysis spans a 21-year period (2000-2020) and focuses on three groups of countries, namely all European Union (EU) countries, euro area countries and non-euro area countries. Using a multiple linear regression model and the Generalized Method of Moments (GMM) we empirically investigate the impact of macroeconomic factors on the stability of the banking sector, as measured by the non-performing loan (NPL) ratio. Our contribu
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Menguy, Séverine. "ADVANTAGES OF FOLLOWING A GOLDEN RULE IN A MONETARY UNION." Macroeconomic Dynamics 21, no. 2 (2015): 279–310. http://dx.doi.org/10.1017/s1365100515000462.

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The European sovereign debt crisis has revived the debate about appropriate fiscal rules in the European Economic and Monetary Union. Whereas the Stability and Growth Pact and the Fiscal Compact make no distinction between public consumption and investment expenditure, the aim of the current paper is to analyze the implications of the adoption of the Golden rule in a monetary union, distinguishing between the two types of public expenditure. With the help of a macroeconomic model, we show that introducing a Golden rule and smoothing public investment expenditure would be welfare-improving, and
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Letsou, Eleni Z., Charalampos L. Agiropoulos, Stavros G. Efthimiou, and Pantelis I. Pantelidis. "Macroeconomic determinants of European outward foreign direct investment." Risk Governance and Control: Financial Markets and Institutions 15, no. 1 (2024): 8–15. https://doi.org/10.22495/rgcv15i1p1.

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The global expansion of trade and capital flows, largely driven by globalization, has significantly impacted the dynamics of foreign direct investment (FDI). This paper examines how country-specific characteristics such as real income, exchange rates, economic openness, and European monetary integration influence the outward FDI (OFDI) from European Union (EU) countries. Utilizing econometric models on data spanning from 1980 to 2020, the study confirms that these macroeconomic factors are critical in shaping FDI trends. Particularly, real income and economic openness are found to be the most
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