Growth under strain in the European Union: a long- run perspective

The article identifies the volume of underserved markets for the development of Ukraine's foreign trade with the EU. The Ukraine's export potential on the EU underserved market is analyzed. It is established that the intensification of trade relations between the Ukraine and EU is a mutually beneficial process, and export potential of Ukraine in the EU market for goods whose exports to the Russian Federation have decreased is of particular importance. The main foreign markets of Ukraine for the export of agricultural and industrial goods from Ukraine have been identified. The main commodity groups of underserved markets to the EU have been identified, the exports of which to the Russian Federation have decreased the most. According to the results of the study, it has been concluded that the underserved markets of the European Union play an important role in the development of Ukraine's trade: first, they allow reorientation of exports of Ukrainian goods, the import of which is prohibited into the customs territory of the Russian Federation, to EU markets; secondly, they help to identify directions for the modernization of Ukrainian production in accordance with the unmet needs of the European goods market. It is concluded that the process of deepening mutual trade in underserved markets in a free trade area is mutually beneficial for Ukraine and the European Union, as trading partners can benefit from increased trade flows, and establishing international partnership between the parties can bring additional benefits in the long run.

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Unemployment and the European Union, 2000–2017: structural exploration of distant past economic experience and future prosperity

Journal of Economic Structures ◽

10.1186/s40008-019-0165-z ◽

2019 ◽

Vol 8 (1) ◽

Author(s):

Enn Lun Yong

Keyword(s):

European Union ◽

Analogical Reasoning ◽

Causal Chain ◽

The European Union ◽

Causality Analysis ◽

Long Run ◽

Economic Experience ◽

Causality Tests ◽

Lag Structure ◽

The Eu

Abstract Distant past experience of economic performance is hypothesized to govern long-run employment performance across 28 European Union (EU) state members. Economic studies usually include lag structure for causality analysis, such as the Wold causal chain and recursive vector autoregression. The inquiry of this paper is different from the literature for two reasons: first, it intends to explain theoretically and empirically how long an influence of significant economic experience in the distant past on long-run unemployment would last. Second, the focus is on the EU due to the ongoing debate over economic integration and independent economies, of which Brexit is one prominent example. Based on panel data, a diagrammatic theory conveys the meaning of the distant past economic experience and its relationship with long-run unemployment in the EU. Empirical investigations include causality tests and long-lasting economic influences, where a new simple approach toward Cholesky decomposition is also demonstrated. The effect of an unexpected shock to inflation on unemployment can remain literally substantive for up to nearly four decades, while unemployment effects of some trade-related innovations can last even longer. The results are supported using analogical reasoning of macroeconomic behaviors incorporated in the original concept of this research.

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The Elements of a Constitutional Settlement for the European Union

Cambridge yearbook of European legal studies ◽

10.5235/152888712802761734 ◽

2001 ◽

Vol 4 ◽

pp. 1-13

Author(s):

Alan Dashwood

Keyword(s):

European Union ◽

Legal Status ◽

Fundamental Rights ◽

European Council ◽

The European Union ◽

Long Run ◽

The Future ◽

Charter Of Fundamental Rights

A debate is under way about the future of the European Union. It was started by the Declaration adopted by the European Council of Nice in December 2000, was given more substance by the Declaration of Laeken in December 2001, and received a formal focus in the Convention which has been brought together in Brussels under the chairmanship of former President Giscard d’Estaing. The Nice Declaration referred to, among other things, ‘the simplification of the Treaties with a view to making them clearer and better understood without changing their meaning’, but the Laeken Declaration goes considerably further. There is a section in the Declaration entitled, ‘Towards a constitution for European citizens’, which contemplates possible changes to the structure not only of the Treaties but of the Union itself, including perhaps the abolition of the division into three so-called ‘pillars’, and the distinction between the European Union and the European Communities. The Declaration also raises the matter of the legal status of the Charter of Fundamental Rights which was proclaimed in Nice, and speculates as to the possible adoption ‘in the long run’ of what it calls a ‘constitutional text’. A reordering of the primary instruments of the Union is, therefore, very much on the agenda of the Convention, and the idea has heavyweight political supporters.

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Accumulation and Growth in the Shadow of Conflicts

Peace Economics Peace Science and Public Policy ◽

10.1515/1554-8597.1246 ◽

2012 ◽

Vol 18 (1) ◽

Cited By ~ 1

Author(s):

Peter J. Stauvermann

Keyword(s):

European Union ◽

Production Technology ◽

The European Union ◽

International Conflicts ◽

War And Peace ◽

Normative Reasoning ◽

Sustainable Peace ◽

Long Run ◽

Intertemporal Preferences ◽

Simple Growth

We introduce a simple growth model to investigate how the evolution of a society is influenced by international conflicts. We come to the result that in the long run three equilibria are possible; a war equilibrium, a peace equilibrium or cycles between war and peace. Which kind of equilibrium will be achieved depends on the effectiveness of weapons, the distribution of capital, intertemporal preferences and the production technology. In general, we conclude that the achievement of a long-lasting sustainable peace is possible, if we restrict the degree of economic inequality. The model delivers a normative reasoning for the foundation and the conservation of the European Union, even if redistribution of national incomes must take place to conserve it.

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13. Europeanization and Political Parties

The Member States of the European Union ◽

10.1093/hepl/9780199544837.003.0013 ◽

2012 ◽

Author(s):

Robert Ladrech

Keyword(s):

European Union ◽

Political Parties ◽

Domestic Politics ◽

Party Competition ◽

The Political ◽

The European Union ◽

Member States ◽

Long Run ◽

Multi Level ◽

Types Of Change

This chapter examines the ways in which the European Union and the political parties of member states interact and cause change. It considers various types of change, causal mechanisms, and the differences between parties and the EU in both older and newer member states. The chapter first provides an overview of the different partisan actors that operate in the multi-level system of domestic and EU politics before discussing the manner in which domestic political parties can be said to have ‘Europeanized’. It then shows how parties in older and newer member states differ and concludes with an assessment of the wider effects of Europeanization on domestic politics in general and party politics in particular. The chapter suggests that the EU’s influence, in both east and west, may be more significant in the long run in terms of its indirect impact on patterns of party competition.

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Agricultural Entrepreneurship in the European Union: Contributions for a Sustainable Development

Applied Sciences ◽

10.3390/app10062080 ◽

2020 ◽

Vol 10 (6) ◽

pp. 2080

Author(s):

Vítor João Pereira Domingues Martinho

Keyword(s):

European Union ◽

Agricultural Sector ◽

New Technologies ◽

The European Union ◽

Agricultural Policies ◽

Educational Training ◽

Economic Dimension ◽

Long Run ◽

On The Road ◽

Agricultural Entrepreneurship

Entrepreneurship is sometimes seen as a glimmer of hope which may bring about some contribution towards improving economic dynamics and performance, specifically in the creation of employment by young people, in general, with further educational training, greater flexibility and who are better prepared for working with new technologies. However, entrepreneurship in the agricultural sector is, in certain circumstances, viewed as being something incompatible or, at least, difficult to implement. More scientific studies in these fields could provide interesting contributions on the road to highlighting new ideas inside the farming sector. In this framework, the objective of this study is to explore the entrepreneurship dimensions within the European Union agriculture towards a more sustainable sector. In fact, without an economic dimension in farm management, its sustainability in the medium and long run may be compromised, increasing the abandonment of farming, namely in more disadvantaged regions. For this, the literature which is available on the platform Web of Science relating to the following three topics was initially analysed: entrepreneurship, agriculture, and the European Union. This literature was clustered through the VOSviewer software, an interesting tool for performing bibliometric analysis. Secondly, statistical information related to European Union agricultural entrepreneurship considering empirical approaches was also explored. The analysis carried out shows that the realities across European Union countries are, in fact, different, where the instruments from the common agricultural policies, for example, may play a crucial role in promoting more farming entrepreneurship in a more sustainable way.

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Modelling the long-run economic impact of leaving the European Union

Economic Modelling ◽

10.1016/j.econmod.2016.06.020 ◽

2016 ◽

Vol 59 ◽

pp. 196-209 ◽

Cited By ~ 31

Author(s):

Monique Ebell ◽

Ian Hurst ◽

James Warren

Keyword(s):

European Union ◽

Economic Impact ◽

The European Union ◽

Long Run

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The effect of fiscal deficits on the external imbalances in the European Union

Panoeconomicus ◽

10.2298/pan190523017j ◽

2020 ◽

pp. 17-17

Author(s):

Kosta Josifidis ◽

Dragutinovic Mitrovic ◽

Sladjana Bodor

Keyword(s):

European Union ◽

Current Account ◽

Current Account Deficit ◽

Fiscal Deficit ◽

The European Union ◽

External Imbalances ◽

Econometric Methods ◽

Long Run ◽

The Impact ◽

The Current Account

This paper analyzes the effect of the fiscal deficit on the current account deficit in the European Union during the period 1995-2018. The purpose is to examine to what extent an increase in government spending affects the deterioration of terms of trade and contributes to increasing external imbalances. Econometric methods for heterogeneous panel data models are used to analyse the existence of a long-run relationship between the fiscal deficit and the current account. The empirical findings indicate that the twin deficits hypothesis is not confirmed for the whole European Union, but only for a certain number of member states, where a long-run relationship still exists, confirming the impact of the fiscal deficit on the current account.

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The long-run sustainability of the European Union countries

Management Decision ◽

10.1108/md-05-2018-0518 ◽

2019 ◽

Vol 57 (2) ◽

pp. 523-542 ◽

Cited By ~ 7

Author(s):

Aymeric Vié ◽

Cinzia Colapinto ◽

Davide La Torre ◽

Danilo Liuzzi

Keyword(s):

European Union ◽

The European Union ◽

Economic Sectors ◽

Content Type ◽

Economic Output ◽

Long Run ◽

Europe 2020 ◽

Conflicting Objectives ◽

European Union Countries ◽

Optimal Allocations

Purpose Energy and environmental concerns have gained a significant role in public policy agenda as well as in energy economics literature. As policies often rely on imprecise information on data and goals, fuzzy goal programming (FGP) modeling is a relevant choice to evaluate multi-criteria sustainability. This technique is suitable for the analysis of the Europe 2020 strategy plan dealing with several possibly conflicting objectives in economy, environment, energy and employment. The paper aims to discuss these issues. Design/methodology/approach The paper presents a FGP model for sustainable implementations for all European Union (EU) countries with respect to Europe 2020 policy goals and provides insights for decision makers to better satisfy conflicting criteria by suggesting optimal allocations of workers in several economic sectors. Findings The analysis shows an overall great performance of European Union countries in the environmental and social criteria and outlines the needs for significant additional policy measures to reduce energy consumption while increasing the economic output. Comparing the performance of countries within the European Union between those who adopted the euro and those who maintained national currencies shows that Euro countries tend to perform worse in terms of Europe 2020 sustainability, opening opportunities for further research to better investigate on the causes and determinants of these differences. Originality/value The paper presents a conceptual model of sustainable development that improves understanding of the concept and reconciles highly competing policy objectives in a common framework. Applying this model to all European Union countries offers both comparison and policy recommendations at a large new scale.

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The Treaty of Lisbon: Problems of EU Political Consolidation

World Economy and International Relations ◽

10.20542/0131-2227-2010-7-40-54 ◽

2010 ◽

pp. 40-54

Author(s):

S. Pogorelskaya

Keyword(s):

European Union ◽

Political Integration ◽

The European Union ◽

Treaty Of Lisbon ◽

Long Run ◽

Political Consolidation ◽

Political Borders

On December 1st, 2009, the pan-European Treaty named after the place of its signature "The Treaty of Lisbon" became operative and marked the beginning of a new stage of political integration. However, having at least temporarily worked out the issue of institutes, has the European Union managed to overcome those of its remote problems that have destined the ambitious "constitutional" project to fail? Is the "post-Lisbon" EU able to remove the accumulated democracy deficits and the increased estrangement of citizens from the pan-European idea, to determine what the united Europe represents, where its political borders are, and what it wishes to become in the long run? This article is devoted to these issues.

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