scholarly journals THE IMPACT OF FISCAL DETERMINANTS ON INVESTMENTS IN EUROPEAN UNION COUNTRIES. A PANEL DATA ANALYSIS

2021 ◽  
Vol 6 (1) ◽  
pp. 1-13
Author(s):  
Sandra Clement ◽  
◽  
Eugenia Ramona Mara ◽  
Monica-Violeta Achim
Keyword(s):  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Negative Influence ◽  
Positive Influence ◽  
Least Square ◽  
Consumption Tax ◽  
Member States ◽  
Eu Member States ◽  
The Impact

Taxation plays an important role in investment decisions and on net profit. In this view, this paper examines the fiscal determinants of investments realized by non-financial corporations in European Union (EU) countries. More exactly, the influences of profit tax and other important taxes like consumption and labor tax on the rate of investment are analysed. For this purpose, we use a panel analysis for 28 Member States from 2008 to 2018. In the presence of variables cointegration, we apply the fully modified ordinary least square (FMOLS) for investigating the long-run impact of taxation. Our results show a negative influence of the profit tax and a positive influence of consumption tax on the investment expansion. In addition, we find that the profit tax rate decreased after 2008 representing one of the most important fiscal measure adopted by the majority of EU Member States in order to stimulate the investment increase. The results are important for the governments, corporate governance of the companies and the investors, in order to understand the efficiency of their decisions to recover after a crisis. Keywords: Corporate tax policy, Rate of investment, Panel data.

scholarly journals The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis

2021 ◽  
Vol 13 (14) ◽  
pp. 7961
Author(s):  
Alexandra Fratila (Adam) ◽  
Ioana Andrada Gavril (Moldovan) ◽  
Sorin Cristian Nita ◽  
Andrei Hrebenciuc
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Maritime Transport ◽  
The European Union ◽  
Panel Data Regression ◽  
Green Investment ◽  
Port Infrastructure ◽  
The Impact

Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns.

scholarly journals IMPACT OF HUMAN CAPITAL DEVELOPMENT ON PRODUCTIVITY GROWTH IN EU MEMBER STATES

2018 ◽  
Vol 16 (0) ◽  
pp. 1-12 ◽  
Author(s):  
Alma Mačiulytė-Šniukienė ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Human Capital ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Labour Productivity ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Education Expenditure ◽  
Member States ◽  
Eu Member States ◽  
The Impact

In this research, we investigate the impact of human capital on labour productivity in European Union member states using panel data analysis. Results of the paper are estimated using the Pooled ordinary least squares (OLS) and Fixed effects model (FEM). The results show that human capital is positively significant in improving the growth of labour productivity in the EU. Our estimates also suggest that the impact occurs after three times lags in case of education expenditure.

18. The Europeanization of National Economies?

2020 ◽  
pp. 422-451
Author(s):  
Vivien A. Schmidt
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Member States ◽  
Eu Member States ◽  
Post War ◽  
National Economies ◽  
Political Economic ◽  
The Impact ◽  
European Union Member States ◽  
The Eu

This chapter examines the impact of Europeanization upon the national economies of European Union member states. It considers how successful the EU has been in promoting its goal of building a single European economy out of the diverse national economies of its member states; how much convergence has occurred among EU member states, and how much divergence remains; and what impact the economic crisis beginning in 2008 has had on the EU and its member states. To answer these questions, the chapter traces the development of Europe’s national economies from the post-war period until today. It also analyses the impact of globalization and Europeanization on post-war varieties of capitalism before concluding with reflections on future patterns of political economic development in the EU in light of the economic crisis.

scholarly journals Vectors of EU Common Agricultural Policy Reforms for the Period 2021-2027 with in the International Marketing Environment

2021 ◽  
pp. 180-187
Author(s):  
Nataliia SHYBAIEVA ◽  
Tetiana KVIATKO ◽  
Otabeg AZIZOV
Keyword(s):  
European Union ◽  
European Commission ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Market Price ◽  
State Regulation ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Impact

The article identifies the impact of agricultural policy on the development of state regulation of the economies of European Union member states (EU). The main reason for the implementation of the Common Agricultural Policy (CAP) for EU member states has been identified. Some key reforms have been analyzed implemented within the integration association. It was found that the reform of CAP is due to the need to address market price uncertainty, respond to expanding access to the EU market by free trade agreements, use digital technologies to improve the accuracy and efficiency of CAP tools, accelerate their practical application, increase attention to environmental issues, environment, and climate change. The article also presents the main economic and social goals of the CAP, which are included in the Treaty on the Functioning of the European Union. It is established that the institutional component of the CAP reform is reflected in the introduction of proposals into the legislative framework of the CAP for the period 2021-2027. The proposals of the European Commission were formulated in nine key objectives, which are considered in this article. Some tools, requirements for their use, and indicators for measuring progress towards the nine specific objectives of the CAP, which the European Commission has proposed to EU member states to achieve the defined goals are also analyzed. The CAP EU budget for 2014-2020 is considered and compared with the proposed budget for 2021-2027 (in constant 2018 prices).

scholarly journals The influence of the ICT on the control of corruption in public administrations of the EU member states: a comparative analysis based on panel data

2021 ◽  
pp. 41-59
Author(s):  
Armenia ANDRONICEANU ◽  
Elvira NICA ◽  
Irina GEORGESCU ◽  
Oana Matilda SABIE
Keyword(s):  
Panel Data ◽  
Public Administration ◽  
Point Of View ◽  
Member States ◽  
Eu Member States ◽  
Relevant Variables ◽  
Information And Communication ◽  
The Impact ◽  
Control Of Corruption ◽  
The Eu

Developments in Information and Communication Technology (ICT) have led to major changes in public administration in all democratic states. The fact that information can be made public and accessible from anywhere, at any time, requires a new approach to the process of computerization of public administration. The objective of the research was to know the influence of ITC integration in the EU state administrations on corruption control in the period 2010 - 2019. We selected four relevant variables, which we integrated in a panel analysis including the 27 EU member states. Using STATA we made an econometric model on panel data and obtained interesting results from a scientific point of view. The results show that the integration of ICTs in the EU public administrations has significantly contribution to reducing corruption These results demonstrate the need to accelerate the digitization of administrations and create an integrated model of government cloud in the European administrative space. In addition, the results of the research highlight the differences between EU states in terms of the impact of ICTs on government efficiency and economic development.

R&D STRATEGIES AND FIRM INNOVATIVE PERFORMANCE: A PANEL DATA ANALYSIS

2010 ◽  
Vol 14 (06) ◽  
pp. 1013-1045 ◽  
Author(s):  
CLAUDIO CRUZ-CÁZARES ◽  
CRISTINA BAYONA-SÁEZ ◽  
TERESA GARCÍA-MARCO
Keyword(s):  
Panel Data ◽  
Panel Data Analysis ◽  
Empirical Support ◽  
Positive Influence ◽  
Intensity Level ◽  
Innovative Performance ◽  
Process Innovations ◽  
One Year ◽  
Technological Intensity ◽  
The Impact

The aim of this research is to ascertain the effects of the different R&D strategies (RDSs) — defined as make, buy and make-buy — on firm innovative performance. In order to evaluate RDSs effects in a broader sense, and looking for robust results, we consider different measures of product and/or process innovations as indicators of firm innovative performance. Using panel data models for a sample of 1478 Spanish manufacturing firms during the period 1992–2005, we observe that all RDSs produce a positive influence over all innovation outputs, although the impact is greater for the make-buy strategy and lower for the buy strategy. These effects are conditional on temporality since the greatest impact occurs one year later and that in the second year is reduced to half. Results show that the buy strategy seems to have only short-term effects, whereas the make-buy effects are greater and last longer. In addition, we find empirical support for our proposed argument that RDS effects on firm innovativeness are moderated by technological intensity level.

scholarly journals The impact of the Sanctions and Counter Sanctions on the Russian and EU Member States Economies

2021 ◽  
Author(s):  
Livia Cebotari
Keyword(s):  
European Union ◽  
Russian Federation ◽  
Bilateral Trade ◽  
The European Union ◽  
Member States ◽  
Trade Relations ◽  
Eu Member States ◽  
The Russian Federation ◽  
Restrictive Measures ◽  
The Impact

This paper analyzes the consequences of the diplomatic conflict that began in 2014 between the European Union and the Russian Federation caused by the political and military crisis in Ukraine. In March 2014, the leaders of the European Union condemned the actions of Russia in Ukraine and imposed the first restrictive measures against Russian Federation. In turn, Russia took retaliatory measures materialised in an import ban on certain agricultural food products from the EU. The aim of this research is to identify and evaluate the impact of the sanctions and countersanctions on the economy of the Russian Federation and on bilateral trade between Russia and EU member states. This article will focus on the following main objectives: analyzing the evolution of trade relations between the two major powers in the period 2014-2019, determining the factors that may explain the decline in bilateral trade during the period mentioned above and the factors that may explain why some EU Member States have suffered higher losses than others. In order to achieve the proposed objectives, both qualitative and quantitative analyses were used. Official documents, academic articles and studies conducted by various prestigious think-tanks were analysed. Also, th

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