scholarly journals The Impact of Political Events - “Name Issue” on an Emerging Macedonian Stock Market

2011 ◽  
Vol 1 (2) ◽  
pp. 203 ◽  
Author(s):  
Julijana Angelovska
Keyword(s):  
European Union ◽  
Structural Changes ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Candidate Country ◽  
The European Union ◽  
Political Events ◽  
Before And After ◽  
The Status ◽  
The Impact

The objective of the research is to investigate the impact of political events – “name issue” on the Macedonian Stock Exchange (MSE). Structural changes in volatility of Macedonian capital market seems to be more a consequence of political changes, especially from the perspective of international politics and the association of the country into NATO and the European Union. The research analyzes the response of capital markets to political events. Such an event is the summit in Bucharest as the day D (03/04/2008) which certainly had an impact because of prolonged unresolved problem of the name imposed by Greece. Visa liberalization and the day of solving the status of candidate country for accession to the European Union will be discussed too. An event methodology is employed, and the results suggest that the market respond to all political events connected “name issue”. The results also indicate that there is no difference between the means of abnormal returns before and after the event. Sensitivity of the Macedonian investor related to any information connected to the word "name" is enormous. The Macedonian investor belief is that if “name” issue would be solved, regardless of possible negative real economic flows stock exchange will increase. The paper provides information regarding the effects of solving this name issue on Macedonian investor, and his expectation on this issue. But even if it is solved, the global economic crises and difficult economic situation in Macedonia especially this situation will be temporary and due to low liquidity, foreigners may use local optimism to sell their shares.

Euratom and Brexit: Could the United Kingdom Maintain One Foot in the European Union? Current Scenarios and Future Prospects of British withdrawal from the EAEC

2018 ◽  
Vol 18 (2) ◽  
pp. 134-151
Author(s):  
Andrea Circolo ◽  
Ondrej Hamuľák
Keyword(s):  
European Union ◽  
United Kingdom ◽  
Independent Solution ◽  
Legal Regulation ◽  
The European Union ◽  
The United Kingdom ◽  
The Status ◽  
Long Time ◽  
Energy Community ◽  
The Impact

Abstract The paper focuses on the very topical issue of conclusion of the membership of the State, namely the United Kingdom, in European integration structures. The ques­tion of termination of membership in European Communities and European Union has not been tackled for a long time in the sources of European law. With the adop­tion of the Treaty of Lisbon (2009), the institute of 'unilateral' withdrawal was intro­duced. It´s worth to say that exit clause was intended as symbolic in its nature, in fact underlining the status of Member States as sovereign entities. That is why this institute is very general and the legal regulation of the exercise of withdrawal contains many gaps. One of them is a question of absolute or relative nature of exiting from integration structures. Today’s “exit clause” (Art. 50 of Treaty on European Union) regulates only the termination of membership in the European Union and is silent on the impact of such a step on membership in the European Atomic Energy Community. The presented paper offers an analysis of different variations of the interpretation and solution of the problem. It´s based on the independent solution thesis and therefore rejects an automa­tism approach. The paper and topic is important and original especially because in the multitude of scholarly writings devoted to Brexit questions, vast majority of them deals with institutional questions, the interpretation of Art. 50 of Treaty on European Union; the constitutional matters at national UK level; future relation between EU and UK and political bargaining behind such as all that. The question of impact on withdrawal on Euratom membership is somehow underrepresented. Present paper attempts to fill this gap and accelerate the scholarly debate on this matter globally, because all consequences of Brexit already have and will definitely give rise to more world-wide effects.

The Impact of Social Transfers on Income Poverty and Material Deprivation

2018 ◽  
pp. 85-107 ◽  
Author(s):  
Geranda Notten ◽  
Anne-Catherine Guio
Keyword(s):  
European Union ◽  
Social Exclusion ◽  
Poverty Reduction ◽  
Material Deprivation ◽  
Income Poverty ◽  
The European Union ◽  
The United Kingdom ◽  
Before And After ◽  
Social Transfers ◽  
The Impact

In 2010, the European Union (EU) committed to lifting at least 20 million people out of poverty and social exclusion, using income poverty, severe material deprivation, and (quasi-)joblessness as metrics to measure progress on this goal. As part of a broader set of commonly agreed indicators, the EU also (crudely) measures the impact of transfers by comparing income poverty rates before and after social transfers. This chapter develops a regression approach to study the effects of transfers on material deprivation by predicting the material deprivation rate before social transfers. We apply the method to pre-recession and post-austerity EU-SILC data for Germany, Greece, Poland, and the United Kingdom. We find that, in addition to reducing income poverty, transfers substantially reduce the extent and depth of material deprivation. Changes in social transfers, therefore, have a twofold effect on Europe’s poverty-reduction target.

scholarly journals Agricultural Holdings in Hilly-Mountain Areas in Slovenia before and after the Accession to the European Union

2015 ◽  
Vol 21 (1) ◽  
pp. 19-34 ◽  
Author(s):  
Kristina Knific ◽  
Štefan Bojnec
Keyword(s):  
European Union ◽  
Rural Areas ◽  
Agricultural Production ◽  
Structural Changes ◽  
The European Union ◽  
Income Diversification ◽  
Mountain Areas ◽  
Agricultural Employment ◽  
Before And After ◽  
The Eu

Abstract This paper presents the questionnaire results of the research on implications of the effects of Slovenia’s accession to the European Union (EU) on structural changes in agricultural holdings (AHs) in the case of Škofjeloška hilly-mountain rural areas. The effects are studied based on the analysis of income diversification of AHs three years before the Slovenian accession to the EU in 2000 and six years after the Slovenian accession to the EU in 2010. Strategies of AHs on the basis of the questionnaire were analysed in early 2011. Income diversification of AHs with non-agricultural employment and off-farm incomes is necessary for survival for the majority of AHs. There are observed differences in structural changes in the AHs between areas with different natural conditions for agricultural production, and particularly in the extent and in the direction of structural changes by socioeconomic types of AHs. Structural changes inhibit non-economic objectives of AHs, while non-agricultural employment has a two-way influence.

scholarly journals Don’t cry for me Britannia: The resilience of the European Union to Brexit

2019 ◽  
Vol 21 (1) ◽  
pp. 152-172 ◽  
Author(s):  
Narisong Huhe ◽  
Daniel Naurin ◽  
Robert Thomson
Keyword(s):  
Decision Making ◽  
European Union ◽  
Network Analysis ◽  
Spatial Model ◽  
The Political ◽  
The European Union ◽  
Member States ◽  
Decision To Leave ◽  
Before And After ◽  
The Impact

We assess the impact of the United Kingdom’s 2016 decision to leave the European Union on the Council of the European Union, where Brexit is likely to have the clearest observable implications. Using concepts and models from the spatial model of politics and network analysis, we formulate and test expectations regarding the effects of Brexit. We examine two of the most prominent datasets on recent decision-making in the European Union, which include data on cooperation networks among member states before and after the 2016 referendum. Our findings identify some of the political challenges that Brexit will bring, but also highlight the factors that are already helping the European Union’s remaining member states to adapt to Brexit.

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.

scholarly journals The Impact of Political Activities on PSX: The Evidence from Pakistan

2018 ◽  
Vol III (II) ◽  
pp. 55-66
Author(s):  
Sami Ur Rahman ◽  
Ihtesham Khan ◽  
Muhammad Faizan Malik
Keyword(s):  
Stock Exchange ◽  
Moving Average ◽  
Abnormal Returns ◽  
Government Policies ◽  
Political Activities ◽  
Government Organizations ◽  
Political Events ◽  
And Behavior ◽  
The Impact ◽  
The Relationship

The aim of this research study is to find the association between political events in Pakistan and Pakistans stock exchange. The study considered 10 most big political events in Pakistan in the duration of 2012 to 2017. To calculate the results, the study used moving average method for calculating expected and abnormal returns. Further, t-statistics is used to explore the relationship between political events and behavior of PSX (100). The study has explored in results that political events, on which investor believes some change in Government policies do have impact on PSX. Investors respond positively when government organizations look strong and free from political pressure. The study recommended that government should make strong their organization, rather than alter government policies frequently.

scholarly journals The Europeanisation of Slovak Political Parties

2015 ◽  
Vol 15 (1) ◽  
pp. 31-58 ◽  
Author(s):  
Dušan Leška
Keyword(s):  
European Union ◽  
Political Parties ◽  
Party System ◽  
Party Competition ◽  
The European Union ◽  
Stages Of Development ◽  
Association Agreement ◽  
Government Relations ◽  
Before And After ◽  
The Impact

Abstract The aim of the study is to analyse the Europeanisation of Slovak political parties in the various stages of the transition and transformation of the political system of Slovakia before and after the entry into the European Union. Methodologically, the paper is based on the concept of Ladrech, who divided five areas of research to suit the study of the impact of the Europeanisation on political parties and their politics. Visible can be changes in political programmes, organisational changes, a formula of party competition, relations between parties and government, relations beyond the national party system (a new look at transnational cooperation between political parties). Our research proved that the Europeanisation has been visible at all stages of development, with varying degrees of intensity and in various forms since the signing of the association agreement with the European Union. Its effect was important already in the stage of the society transition when it helped the return of Slovakia on the path of democratic development. In the two stages of development, Europeanisation created an individual line of cleavage of political parties, affected the rivalry of political parties, and thus a party system model. Unambiguously, it was reflected in political programmes of all parties, and an important role was played by the incorporation of political parties in the European political parties, by their cooperation and coordination of their policies. The election in the European Parliament was an important turning point in completion of programme orientations of political parties.

scholarly journals Northern Cyprus as an ‘inner neighbour’: A critical analysis of European Union enlargement in Cyprus

2018 ◽  
Vol 26 (1) ◽  
pp. 37-49 ◽  
Author(s):  
Anna Casaglia
Keyword(s):  
European Union ◽  
Eu Enlargement ◽  
Negotiation Process ◽  
The European Union ◽  
European Union Enlargement ◽  
Northern Cyprus ◽  
Before And After ◽  
Turkish Cypriot ◽  
The Impact ◽  
The Eu

This article analyses the impact of Cyprus’s accession to the European Union (EU) on the northern part of the island, and tackles the political actorness of the EU with regard to the enduring Cypriot conflict. Much literature has critically analysed the EU enlargement process, underlining its imperialistic features and its problematic nature. At the same time, scholars have highlighted the EU’s difficulties in acting as a political actor and its impact on situations of ethno-national conflict. This article brings together these critical aspects by analysing them in the peculiar context of Cyprus. It retraces the negotiation process and the Turkish Cypriots’ in/visibility throughout it, and presents research conducted following Cyprus’s accession in three different periods between 2008 and 2015. We propose an interpretation of Northern Cyprus as an ‘inner neighbour’ of the EU, because of its anomalous and liminal status, the suspended application of the acquis communautaire, the unresolved conflict and the ambiguity of the border management of the Green Line, the line of partition between north and south. All these problematic features of Northern Cyprus’s situation are examined in detail to identify the unique position of this entity within the EU. In addition to this, and supporting the importance of a bottom-up understanding of the EU’s normative and symbolic projection, the article presents the opinions of Turkish Cypriot citizens about their expectations before and after 2004, and how their ideas and imaginaries related to the EU have evolved and interacted with the process of Europeanisation.

scholarly journals Bicameral Conflict Resolution in the European Union: An Empirical Analysis of Conciliation Committee Bargains

2007 ◽  
Vol 37 (2) ◽  
pp. 281-312 ◽  
Author(s):  
THOMAS KÖNIG ◽  
BJORN LINDBERG ◽  
SANDRA LECHNER ◽  
WINFRIED POHLMEIER
Keyword(s):  
European Union ◽  
Conflict Resolution ◽  
Power Distribution ◽  
Decision Procedure ◽  
European Parliament ◽  
Status Quo ◽  
The European Union ◽  
The Status ◽  
Institutional Actors ◽  
The Impact

This article is a study of bicameral conflict resolution between the Council and the European Parliament in the European Union, which has established a bicameral conciliation process under the co-decision procedure. Scholars commonly agree that the European Parliament has gained power under the co-decision procedure, but the impact of the conciliation process on the power distribution between the Council and the European Parliament remains unclear. The scholarly debate suggests that the power of the institutional actors depends on their proximity to the status quo, the (im-)patience and the specific preference distribution of the institutional actors, although most analyses assume that the Commission plays an insignificant role. Using an ordered probit model, this study examines the power distribution between the two institutional actors, the factors for their bargaining success and the role of the Commission in the period between 1999 and 2002. The findings show that the European Parliament wins most conflicts, but that the Council is more successful in multi-dimensional disputes. The results confirm some theoretical claims made in the literature, such as the importance of the status quo location and of preference cohesiveness. However, they also reject a major assumption in the literature on the irrelevance of the Commission in the conciliation process, which we show to have an influential informational position for parliamentary success.

A geography of debauchery

Focaal ◽  
2008 ◽  
Vol 2008 (51) ◽  
pp. 113-131 ◽  
Author(s):  
Gustav Peebles
Keyword(s):  
European Union ◽  
Spatial Organization ◽  
Ethnographic Research ◽  
The European Union ◽  
Migrant Laborers ◽  
The Status ◽  
Transnational City ◽  
Spatial Imagination ◽  
The Impact ◽  
The Eu

By comparing the spatial organization of Swedish labor and leisure practices today with the movements and stereotypes tied to previous generations of Sweden's sizeable population of so-called "vagrants," this article studies the impact of state policy on the spatial imagination of both citizens and other sojourners within its bounds. Because the ethnographic research for the article took place in a new transnational city that is being created by the European Union and various local proponents, the article then considers the same issue at the EU level, to pursue the question of the EU's "state-ness" and the status of migrant laborers within that emerging polity.

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