Different Efforts in <scp>E</scp>uropean Economic Integration: Implications of the <scp>EU I</scp>ndex

König, Jörg; Ohr, Renate

doi:10.1111/jcms.12058

Cited by 73 publications

(68 citation statements)

References 30 publications

(34 reference statements)

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“…In addition, being peaknormalised, the SVIs' sensitivity to extreme values is per se sharply reduced, while other ways of treating extreme values (such as outlier-trimming) can bias the original data structure (see e.g. Konig and Ohr, 2012). The normalization approach, in fact, produces indexes the changes in which proxy distances from their peaks, while differences across s are independent of their relevance over total Google traffic.…”

Section: -Pros and Cons To The Utilization Of Google Trends Data And mentioning

confidence: 99%

A New Index of Uncertainty Based on Internet Searches: A Friend or Foe of Other Indicators?

2016

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The preliminary evidence in the literature suggests that changes in uncertainty have a role in shaping the U.S. economic cycle. But what is effectively measured by the different available indicators of uncertainty still remains an "uncertain" issue. This paper has two aims: (i) to introduce a new uncertainty indicator (GT) based on Internet searches; and (ii) to compare the main features and the macroeconomic effects of alternative measures of uncertainty, including our own. Results suggest that GT shocks embody timely information about people's perception of uncertainty and, in some cases, earlier than other indexes. Furthermore, the effect of uncertainty shocks on output is more influenced by parameter breaks due to insample events than by model specification. The consequence is that an all-comprehensive indicator able to weight different sources of uncertainty is preferable.

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Section: -Pros and Cons To The Utilization Of Google Trends Data And mentioning

confidence: 99%

A New Index of Uncertainty Based on Internet Searches: A Friend or Foe of Other Indicators?

2016

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“…The affiliate of the corporation was created May 2011, which offices and store-houses are located in Peking and the province Tientsin (China) being included into a free trade zone [18]. VSMPO-AVISMA also countersigned September 2012 memorandum about Russian-Indian cooperation with a state metallurgical company of India -Mishra Dhatu Nigam Limited (MIDHANI), and also with Indian-Russian scientific and technological centre (IRSTC) [19].…”

Section: Estimation Of Influence Of International Economic Integratiomentioning

confidence: 99%

Influence of international economic integration on socio-economic development of region

Andreyeva¹,

Zakharova²,

Ratner³

2014

EoR

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The hypothesis about new type's integration processes in the world economy is made, the essence and distinctive peculiarities of these processes are determined. By the proposed groups of parameters, the comparative analysis of international economic integration (IEI) within traditional integration processes (EU, NAFTA) and those of new type (SCO, BRIC(S)) is carried out. The technique of estimation of influence of international economic integration on development of a country's region is worked out, and the estimation of influence of international economic integration on socio-economic development of Sverdlovsk region is carried out. The movement of goods, services and factors of production (capital, work force) between the region and the integration associations of traditional type and the groups of countries arisen in terms of forming integration processes of new type is analyzed. It is shown that the one of the tendencies in development of international economic integration of Sverdlovsk region during the last 12 years has been the increasing role and importance of new integration groups of countries. It is revealed that the purposeful account of this tendency can provide quantitative and qualitative shifts in external trade, foreign investments and labor migration of the region, related on the change of direction of flows: from the receivers of high-technological goods, capital, specialists from developed countries -to the supplier of manufactured goods, investments and high-qualified work force into countries of SCO and BIRC(S), what is one of the factors of providing economic safety of the region.Keywords: international economic integration, EU, NAFTA, SCO, BRIC(S), international trade, foreign investments, migration, region, social-economic developmentIn conditions of strengthening global economic cooperation, almost all regions of the world are covered with the process of international economic integration (IEI). International economic 1 © Andreyeva Ye. L., Zakharova V. V., Ratner A. V. Text. 2014. integration is a complex process of coaptation and diffusion of national economies of various countries, aiming to create a unified economic organism. European Union (EU) is an example of the most developed international economic integration association. The emerging crises in EU deny 91 Ye. L. Andreyeva, V. V. Zakharova, A. V. Ratner ЭКОНОМИКА РЕГИОНА № 3 (2014) the uniqueness of the classic international economic integration model and lead to a rethinking of the laws of its development. Modern investigation of integration success of EU with use of such criteria as presence of a single market, homogeneity, symmetry and conformity, shows "the EU countries form a heterogeneous community rather than a homogeneous group of countries with similar integration levels" [8, p. 1083]. During the growing difficulties in EU and NAFTA the significance of the Shanghai Cooperation Organization (SCO) and BRIC(S) is increasing, as these organizations are formed by the largest emerging economies of the world, including R...

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“…She focused on the analysis of the international investment positions of eight new EU member countries and found signifi cant linkage between EU8 foreign assets and liabilities and EU8 foreign trade, the growing foreign trade of the EU8 countries contributes to an increase in the level of foreign assets and liabilities, and thus to the fostering of European foreign fi nancial linkages, which is seen as vital for the further integration of fi nancial markets. König and Ohr (2013) created an index for the measurement of European economic integration which consists of four components one of them being EU single market. In the assessment of the EU single market, fi nancial integration is measured as a level of intra-EU FDI inward and outward stock, and they advise that they cannot include the data about portfolio investments and other intra-European cross-border holdings because of the limited data availability.…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical Evidence of Capital Mobility in the EU New Member States

Škabić

2016

Zagreb International Review of Economics and Business

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Abstract:This research is focused on the analysis of capital mobility indicators in the EU new member states as capital market union is one of the newest initiative in the EU. We found the most integrated countries are Hungary, the Czech R., Croatia and Estonia. Econometric analysis emphasized the main determinants of capital account openness and of FDI inward stock. The analysis indicates that the level of development, intra-EU trade and FDI inward stock have a positive impact on capital account openness (mobility), while infl ation has a negative infl uence. The GDP per capita, intra-EU trade and capital account openness have positive impact on FDI inward stock while infl ation and gross fi xed capital formation have negative infl uence. Unexpectedly, fi scal variables and interest rates do not have a significant impact on capital openness. The results show that there is room for improvement in all countries that would enable more favorable access to capital.

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Different Efforts in European Economic Integration: Implications of the EU Index

Cited by 73 publications

References 30 publications

A New Index of Uncertainty Based on Internet Searches: A Friend or Foe of Other Indicators?

A New Index of Uncertainty Based on Internet Searches: A Friend or Foe of Other Indicators?

Influence of international economic integration on socio-economic development of region

Empirical Evidence of Capital Mobility in the EU New Member States

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