scholarly journals Common currency, common identity? The impact of the Euro introduction on European identity

2020 ◽  
pp. 146511652097028
Author(s):  
Fedra Negri ◽  
Francesco Nicoli ◽  
Theresa Kuhn
Keyword(s):  
European Union ◽  
Political Institutions ◽  
Data Model ◽  
Dynamic Panel Data ◽  
European Identity ◽  
The European Union ◽  
Collective Identities ◽  
Dynamic Panel ◽  
Dynamic Relationship ◽  
The Impact

Does European state building go hand in hand with European nation building? This article engages with the scholarly debate on the dynamic relationship between the construction of supranational political institutions that exert key functions of sovereignty and collective identities by investigating the extent to which the adoption of the Euro as a currency is associated with a decrease in the share of Europeans who identify exclusively with their nation and not with the European Union. In detail, by using a dynamic panel-data model on 26 European Union countries in the post-Maastricht period (1996–2017), our results show that the Euro has fostered European identity, leading to a small but significant decrease (-3%) in the share of Europeans with exclusive national identity.

scholarly journals Effects of fiscal rules on budgetary outcomes: The case of the European Union member states

2016 ◽  
Vol 66 (4) ◽  
pp. 597-616 ◽  
Author(s):  
Agata Szymańska
Keyword(s):  
European Union ◽  
Data Model ◽  
Union Member ◽  
Dynamic Panel Data ◽  
Fiscal Rules ◽  
The European Union ◽  
Fiscal Rule ◽  
Fiscal Reaction Function ◽  
The Impact ◽  
European Union Member States

The aim of this paper is to investigate the influence of fiscal rules on the budgetary outcomes in 27 European Union countries. In particular, the paper focuses on assessing whether the impact of fiscal rules is statistically significant and numerically meaningful. In order to assess the influence, we use a dynamic panel data model. In our baseline model, we introduce the fiscal rule index as an explanatory variable. Our estimation rests on the fiscal reaction function. The analysis shows that the fiscal rule index positively affects the cyclically-adjusted primary balance and the cyclicallyadjusted balance.

scholarly journals The Effect of the European Union Customs Union on the Balance of Trade in Turkey

2017 ◽  
Vol 52 (4) ◽  
pp. 219-232 ◽  
Author(s):  
Natalya Ketenci
Keyword(s):  
European Union ◽  
Gravity Model ◽  
Generalized Method Of Moments ◽  
Oecd Countries ◽  
Dynamic Panel Data ◽  
Customs Union ◽  
The European Union ◽  
Before And After ◽  
Balance Of Trade ◽  
The Impact

This article investigates the effect of the customs union between Turkey and the European Union on the balance of trade in Turkey. The framework for analysis is an extended trade gravity model onto which the impact of the customs union is applied. The gravity model of trade is estimated using dynamic panel data which applies the generalized method of moments to a sample of OECD countries. Separate estimates were made for the periods before and after the process of trade liberalization in Turkey—1980–1995 and 1996–2012, respectively—as well as for the full period—1980–2012. The main conclusion is that when the European Union is accounted for as an econometric variable, the empirical results are striking: Turkey’s gains resulting from taking part in the customs union are noteworthy, with significant improvement in the trade balance with European Union countries. However, the trade flows, and specifically imports, have been mainly with OECD countries that are themselves not members of the EU. The model indicates that external common tariffs are responsible for Turkey’s trade growth rather than tariffs abolished in the internal market of the customs union.

“My European feelings are not only based on the fact that I live in Europe”

2002 ◽  
Vol 2 (1) ◽  
pp. 175-204 ◽  
Author(s):  
Michał Krzyżanowski
Keyword(s):  
Social Sciences ◽  
European Union ◽  
European Integration ◽  
Economic Impact ◽  
National Identities ◽  
European Identity ◽  
The European Union ◽  
Collective Identities ◽  
European Citizenship ◽  
Identification Processes

Identity has recently become one of the most frequently theorised and explored topics within various sub-branches of social sciences. Collective identities in general, and their ancestry and construction in particular, are being perceived in different ways by historians, anthropologists, sociologists, political scientists and, last but not least, discourse-analysts. This article aims at shedding a new light on the concept of European identity, which, so far, has been most frequently analysed within the context of the European Union and its political and economic impact on European space. Despite drawing theoretically on some well-grounded traditions of research on European identity, such as, e.g., analysis of its contradiction and suplementariness with national identities, or, its interconnection with such concepts as European citizenship or European integration, the analysis of European identity presented here is put in the context of globally understood identification processes. Empirically, the article draws on the analysis of TV talk show thematically bound by the topics concerning European Union’s impact on national identities.

scholarly journals Econometric Analysis of the Relationship Between Innovation and Foreign Trade Distance in Central and Eastern Europe Countries

2020 ◽  
Vol 20 (1) ◽  
pp. 360-372
Author(s):  
Marcin Salamaga
Keyword(s):  
Data Model ◽  
Central And Eastern Europe ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Technological Gap ◽  
Export Competitiveness ◽  
The Impact ◽  
The Relationship ◽  
Technology Industries ◽  
High Technology Industries

AbstractResearch background: Posner’s technology gap theories and Vernon’s product life cycle assume that differences in innovation and technology levels are the cause of foreign trade. These theories are subject to empirical verification. To date, however, the analysis of the impact of innovation distance on a country’s export competitiveness is omitted. This article tries to fill this research gap. The author attempts to examine the relationship between the innovation gap and export competitiveness in industries with varying levels of technological advancement.Purpose: The aim of the article is to research the direction and strength of the impact of the innovation gap on export competitiveness in 10 different industries in Central and Eastern Europe countries (CEECs).Research methodology: Dynamic panel models were used in the research, which describe the impact of the technological gap on the export competitiveness of countries. To measure innovation, the indicator of innovative comparative advantage was constructed and based on the number of patents used. The technological gap in individual countries was calculated as the Euclidean distance indicators of the innovative advantage in a given country from other countries.Results: In light of the presented results of the study, it can be concluded that innovation generally has a significant and positive impact on the competitiveness of exports in the high and medium-high technology industries of the CEECs, while it does not significantly affect the competitiveness of trade in low technology industries. In addition, the Visegrad countries in the high and medium-high technology industries generally have a low technological gap and a smaller distance in export competitiveness using the dynamic panel data model.Novelty: The added value of this article is an innovative study on the impact of the technological gap on export competitiveness with the example of the CEECs using the dynamic panel data model.

8. Sweden: Shedding Exceptionalism in the Face of Europeanization

2020 ◽  
pp. 178-202
Author(s):  
Anna Michalski
Keyword(s):  
Public Policy ◽  
European Union ◽  
Political Institutions ◽  
The European Union ◽  
Administrative System ◽  
Long Period ◽  
Eu Membership ◽  
The Face ◽  
The Impact ◽  
The Eu

This chapter examines the adaptations that have occurred in Sweden’s political and administrative system following its admission to the European Union on 1 January 1995. Sweden became a member of the EU on 1 January 1995 after a long period of hesitation. After fifteen years of membership, reticence has given way to a more positive stance, best characterized as pragmatic support. The chapter first considers patterns in Sweden’s membership in the EU before discussing Swedish public opinion towards the EU and the impact of Sweden’s EU membership on the country’s political parties, political institutions, public administration, and sub-national actors such as the civil service. The chapter goes on to explore Sweden’s approach to EU public policy and concludes by comparing its experience with those of other member states, including Austria and Finland.

The European Union and its eastern neighbourhood

2018 ◽  
Keyword(s):  
European Union ◽  
European Identity ◽  
The European Union ◽  
South Caucasus ◽  
Eastern Partnership ◽  
The Balkans ◽  
Key Issues ◽  
And Migration ◽  
The Impact ◽  
The Eu

This volume is timely in that it explores key issues which are currently at the forefront of the EU’s relations with its eastern neighbours. It considers the impact of a more assertive Russia, the significance of Turkey, the limitations of the Eastern Partnership with Belarus and Moldova, the position of a Ukraine in crisis and pulled between Russia and the EU, security and democracy in the South Caucasus. It looks at the contested nature of European identity in areas such as the Balkans. In addition it looks at ways in which the EU’s interests and values can be tested in sectors such as trade and migration. The interplay between values, identity and interests and their effect on the interpretation of europeanisation between the EU and its neighbours is a core theme of the volume.

7. Sweden: From Scepticism to Pragmatic Support

2012 ◽  
Author(s):  
Anna Michalski
Keyword(s):  
Public Policy ◽  
European Union ◽  
Public Opinion ◽  
Political Institutions ◽  
The European Union ◽  
Administrative System ◽  
Long Period ◽  
Eu Membership ◽  
The Impact ◽  
The Eu

This chapter examines the adaptations that have occurred in Sweden’s political and administrative system following its admission to the European Union on 1 January 1995. Sweden became a member of the EU on 1 January 1995 after a long period of hesitation. After fifteen years of membership, reticence has given way to a more positive stance, best characterized as pragmatic support. The chapter first considers patterns in Sweden’s membership in the EU before discussing Swedish public opinion towards the EU and the impact of Sweden’s EU membership on the country’s political parties, political institutions, public administration, and sub-national actors such as the civil service. The chapter goes on to explore Sweden’s approach to EU public policy and concludes by comparing its experience with those of other member states, including Austria and Finland.

An Application of GMM Method in the Test of Relationship between Urbanization and Circulation Economic Growth

2013 ◽  
Vol 712-715 ◽  
pp. 3207-3210
Author(s):  
Yue Xi Liu ◽  
Zhen Bo Zhang
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Data Model ◽  
Dynamic Panel Data ◽  
Labor Input ◽  
Dynamic Panel ◽  
Dynamic Panel Data Model ◽  
Impact Of Urbanization ◽  
The Impact ◽  
Positive Effect

To explore the impact of urbanization and economic growth on the development of circulation industry, this paper uses GMM method to estimate dynamic panel data model, based on panel data at provincial-level from 2001 to 2010 in China, after testing the endogeneity of urbanization and economic growth. The findings indicate that regional economic development, labor input and fixed investment has significant positive effect on output of circulation, while lagged output of circulation and level of urbanization has no significant effect on it.

The impact of leverage on discretionary investment: African evidence

2018 ◽  
Vol 9 (1) ◽  
pp. 108-125 ◽  
Author(s):  
Edson Vengesai ◽  
Farai Kwenda
Keyword(s):  
Panel Data ◽  
Data Model ◽  
Cash Flows ◽  
Dynamic Panel Data ◽  
Investment Policy ◽  
Panel Data Model ◽  
Dynamic Panel ◽  
Content Type ◽  
Dynamic Panel Data Model ◽  
The Impact

Purpose The purpose of this paper is to explore the impact of leverage on firms’ discretionary investment in Africa. Design/methodology/approach The authors employ a dynamic panel data model estimated with generalised method of moments (GMM) estimation techniques on the panel data of listed African non-financial firms. A dynamic model and the generalised methods of moments estimations are handy in controlling for unobserved heterogeneity, endogeneity, autocorrelation, heteroscedasticity, etc. Findings In spite of different settings, markets, leverage levels and methodologies, the authors found evidence that leverage constrains investment in African firms. The negative impact is more pronounced in firms with low-growth opportunities than in firms with high-growth opportunities. The results are inclined to the theory that leverage plays a disciplinary role to avoid overinvestment. Research limitations/implications African firms’ investment policy does not solely depend on the neoclassical fundamentals determinants of profitability, net worth and cash flows. Financing strategy also has a considerable bearing on the investment policy. The results provide evidence that leverage is a negative externality to the firm’s discretional investment policy for both lowly levered and highly leveraged firms. African firms’ should consider maintaining their low debt levels and rely more on internally generated funds so as not to suppress any available cash flows to interest payments and loan covenants from debt holders. Originality/value The study contributes to the literature on investment and financial leverage by the authors providing evidence from Africa, a developing continent, that has not been explored. It shows how conservative leverage levels of African firms, which have been reported to be rising, are impacting on investments. Pertaining to empirical methodology, the authors employ a dynamic panel data model, the GMM estimation technique, which is robust in controlling endogeneity, and a possible bi-directional causality between leverage and investment which have not been used in literature. The study also enables a comparison of the effect of high leverage and low leverage on firm’s discretional investment.

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