IDEAS home Printed from https://ideas.repec.org/a/ags/iepeoa/162032.html

Where The European Union Should Multiply Its Money: Stimulating Measures In The Economic Monetary Union

Author

Listed:
  • Groeneveld, Anouschka
  • Heijman, Wim

Abstract

The aim of this article is to investigate in which sectors and countries the European Union should invest to diminish the economic gap between different member states. It answers the question at which sectors and regions the European regional policy should be directed. In an attempt to indicate which regions and sectors have favourable investment opportunities, multipliers are calculated for all but three countries of the Economic Monetary Union. The multipliers are calculated using a technique described by Jensen et al. (1979) and Heijman and Schipper (2010). The highest multipliers are found within the Construction sector. To provide policy recommendations we focus on countries with high multiplier values and high unemployment rates. If we assume that multiplier values and unemployment rates are important, then the European Union should spend most in Slovakia, Estonia, Italy, Greece, and Spain. The spendings in Estonia, Slovakia, and Greece would fall under the Cohesion Funds.

Suggested Citation

  • Groeneveld, Anouschka & Heijman, Wim, 2013. "Where The European Union Should Multiply Its Money: Stimulating Measures In The Economic Monetary Union," Economics of Agriculture, Institute of Agricultural Economics, vol. 60(4), pages 1-14, December.
    • Handle: RePEc:ags:iepeoa:162032
    DOI: 10.22004/ag.econ.162032
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/162032/files/6%20EP%204%202013.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.162032?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. C. Bellak & M. Leibrecht & R. Stehrer, 2010. "The role of public policy in closing foreign direct investment gaps: an empirical analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 37(1), pages 19-46, February.
    2. Joseph Francois & Julia Woerz, 2008. "Producer Services, Manufacturing Linkages, and Trade," Journal of Industry, Competition and Trade, Springer, vol. 8(3), pages 199-229, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    2. Sonia Mukherjee, "undated". "The Role of Services in Enhancing Indian Manufacturing Exports: A Firm Level Analysis, 2000-01 to 2011-12," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 15-08, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
    3. Gillson,Ian John Douglas & Molinuevo,Martin & Saez,Juan Sebastian, 2020. "Trade Facilitation in Services : A Conceptual and Empirical Analysis," Policy Research Working Paper Series 9233, The World Bank.
    4. CĂLIN Adrian Cantemir & POPOVICI Oana Cristina, 2015. "The Effects of Enhancing Competitiveness on FDI Inflows in CEE Countries," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    5. Jan Ženka & Josef Novotný & Ondřej Slach & Igor Ivan, 2017. "Spatial Distribution of Knowledge-Intensive Business Services in a Small Post-Communist Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 385-406, June.
    6. Magnus Lodefalk, 2014. "The role of services for manufacturing firm exports," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(1), pages 59-82, February.
    7. A team of the Working Group on Econometric Modelling of the European System of Central Banks, 2012. "Competitiveness and external imbalances within the euro area," Occasional Paper Series 139, European Central Bank.
    8. Karingi, Stephen N. & Leyaro, Vincent, 2010. "Surmounting Africa's Trade Capacity Contraints: An Assessment of the Effectiveness of the Aid for Trade," Conference papers 331966, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    9. Peter W. Daniels & Pengfei Ni, 2014. "Urbanisation and changes in the sectoral structure of economic development: the scale of the manufacturing sector in Chinese cities and the shift towards service industry," Working Papers hal-00943972, HAL.
    10. Bas, Maria, 2020. "The effect of communication and energy services reform on manufacturing firms’ innovation," Journal of Comparative Economics, Elsevier, vol. 48(2), pages 339-362.
    11. Carmen Díaz-Mora & Rosario Gandoy & Belén González-Díaz, 2018. "Looking into global value chains: influence of foreign services on export performance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(4), pages 785-814, November.
    12. Senjuti Gupta & Bidisha Chakraborty & Tanmoyee Banerjee (Chatterjee), 2019. "Service Good as an Intermediate Input and Optimal Government Policy in an Endogenous Growth Model," South Asian Journal of Macroeconomics and Public Finance, , vol. 8(1), pages 57-91, June.
    13. Mengqi Gong & Gege He & Yizi Wang & Yiyue Yang & Xinru Li, 2025. "Collaborative Industrial Agglomeration and a Green Low-Carbon Circular Development Economy: A Study Based on Provincial Panel Data in China," Sustainability, MDPI, vol. 17(15), pages 1-27, July.
    14. Nazire Nergiz Dincer & Ayça Tekin‐Koru, 2020. "The effect of border barriers to services trade on goods trade," The World Economy, Wiley Blackwell, vol. 43(8), pages 2093-2118, August.
    15. Jesus Maria Irigoyen & Josefa Monteagudo & Alexander Rutkowski, 2012. "A closer look at some drivers of trade performance at Member State level," Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, vol. 11(2), pages 29-39, July.
    16. Simona Malovana, 2017. "Banks’ Capital Surplus and the Impact of Additional Capital Requirements," Working Papers IES 2017/28, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2017.
    17. Yvonne Wolfmayr, 2008. "Producer Services and Competitiveness of Manufacturing Exports," WIFO Studies, WIFO, number 34225.
    18. Omar Bamieh & Francesco Bripi & Matteo Fiorini, 2022. "Services trade and labor market outcomes: Evidence from Italian firms," Review of International Economics, Wiley Blackwell, vol. 30(3), pages 673-701, August.
    19. Markus Kelle, 2013. "Crossing Industry Borders: German Manufacturers as Services Exporters," The World Economy, Wiley Blackwell, vol. 36(12), pages 1494-1515, December.
    20. V. Brandicourt & C. Schwellnus & Julia Woerz, 2008. "Austria's Potential for Trade in Services," FIW Research Reports series I-002, FIW.

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iepeoa:162032. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iepbgyu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.