European Integration: Partisan Motives or Economic Benefits?

Quantifying the long-term economic benefits of European electricity system integration

This paper aims to quantify the long-term economic benefits that arise from an increasing integration of the pan-European electricity system by means of comparing model-based decarbonization scenarios developed with the model LIMES-EU+. It explicitly accounts for the interplay between transmission infrastructure and renewable generation capacity expansion. We confirm earlier findings that, on a...

Economic Integration in the Americas: European Perspectives

Partisan Bias, Economic Expectations, and Household Spending

Individuals who support the winning candidate in U.S. Presidential elections become significantly more optimistic about the economy after the election, a phenomenon we utilize to measure the effect of partisan bias on economic expectations. The well-documented rise in political polarization among the electorate over the past 20 years has been accompanied by a substantial increase in the effect ...

European stock market integration: Fact or fiction?

The objective of this study is to determine the dynamics and contemporaneous interactions of Euro zone stock markets at the country and economic sector level. Overall test results have revealed the time-varying nature of the financial market integration process. Promoted by the anticipation and subsequently the formation of the currency union Euro zone stock markets became more integrated betwe...

Economic Integration and Cross-Country Inequality: the European Experience