Evidence of European Trade and Investment U-Shaping Industrial Output in Bulgaria, Hungary, Poland, and Romania

1999 ◽  
Vol 27 (4) ◽  
pp. 730-752 ◽  
Author(s):  
Alexandre Repkine ◽  
Patrick Paul Walsh
Keyword(s):  
Industrial Output ◽  
European Trade ◽  
Trade And Investment

The Geopoliticization of European Trade and Investment Policy

2019 ◽  
Vol 57 (S1) ◽  
pp. 103-113 ◽  
Author(s):  
Sophie Meunier ◽  
Kalypso Nicolaidis
Keyword(s):  
Investment Policy ◽  
European Trade ◽  
Trade And Investment

The Impact of Goods and Capital Market Integration on European Monetary Politics

1996 ◽  
Vol 29 (2) ◽  
pp. 193-222 ◽  
Author(s):  
JEFFRY A. FRIEDEN
Keyword(s):  
Exchange Rates ◽  
Market Integration ◽  
Monetary Integration ◽  
The European Union ◽  
Monetary Policies ◽  
Eu Member States ◽  
Deutsche Mark ◽  
European Trade ◽  
The Impact ◽  
Trade And Investment

Members of the European Union (EU) have long attempted to unify their monetary policies, whether by fixing exchange rates or moving toward a single currency. The success of these attempts has varied over time, and among EU member states. This article argues that the degree to which a country is integrated into EU trade and finance has a major impact on its willingness to make the sacrifices necessary to pursue monetary integration, especially stability against Europe's anchor currency, the Deutsche Mark (DM). Higher levels of intra-European trade and investment increase the desirability of stabilizing exchange rates between European countries. Statistical evidence indicates that greater integration of goods and capital markets is associated with greater success in fixing national exchange rates against the DM. This implies that pressures for monetary integration will continue but will vary among countries, along with the degree to which they are economically linked to European trade and investment.

scholarly journals TTIP and Intra-European Trade: Boon or Bane?

2016 ◽  
Vol 236 (6) ◽  
Author(s):  
Rahel Aichele ◽  
Gabriel J. Felbermayr ◽  
Inga Heiland
Keyword(s):  
Trade Diversion ◽  
Trade Integration ◽  
The European Union ◽  
Income Effects ◽  
Trade Model ◽  
Transatlantic Trade ◽  
European Trade ◽  
Cross Country ◽  
Substantial Heterogeneity ◽  
Trade And Investment

Abstract:The European Union is the world’s deepest free trade zone. Amongst its members, it has abolished tariffs and lowered non-tariff barriers. This has led to trade creation within Europe and to trade diversion between EU countries and outsiders. Deep trade integration and the resulting mutual dependence has, in the eyes of many, facilitated political integration. The Transatlantic Trade and Investment Partnership (TTIP) will undo some of these effects by means of preference erosion, so that cross-country trade links within Europe may lose relative prominence. However, the presence of a rich fabric of regional value chains in Europe and substantial income effects could counter this development. We provide insights on the empirical importance of these effects based on a New Quantitative Trade Model. We show that TTIP could indeed lower trade integration in Europe since predicted income effects turn out not to be large enough to overcome the effects of preference erosion. However, there is substantial heterogeneity across sectors and countries. One way to minimize preference erosion would be to promote projects and programs to further deepen the EU’s single market.

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