Leading theories suggest that amongst continuing exporters, lower variable trade costs should boost exports of smaller firms by the same or greater percentage rate than larger firms. However, investigating the impact of the deep EU-South Korea FTA with French customs data, we find robust evidence to the contrary. Applying a triple-difference framework, we report that the FTA increased sales in the ...
This in-depth analysis offers a quantitative analysis of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, six years after its provisional enforcement. Our analysis confirms substantial economic gains: goods exports from the EU to Canada increased by 27 % and imports rose by 32 % due to the agreement. The services sector also showed robust growth, with 19 % and 15 % increases ...
While the French economy demonstrates remarkable resilience, Germany’s growth engine appears to be sputtering. But the two economies are more interdependent than ever, and their size implies that they must work together to reform and strengthen the European Union if they are to assert their influence globally. BERLIN – The contrast between the French and German economies has rarely appeared so stark. ...
Der 25. Geburtstag der Europäischen Zentralbank (EZB) ist ein Grund zum Feiern: Die EZB hat gegen viele Widerstände und trotz zahlreicher Krisen etwas erreicht, was viele nicht für möglich gehalten haben. Trotzdem fremdeln gerade wir Deutschen noch immer mit der EZB und tun uns schwer, den Euro und die EZB als wichtige Errungenschaften Europas zu schätzen. Wieso ist das so? Was sind die Fehler, und ...