Why the EU does not Have an Independent Competition Agency: French Interests and Transaction Costs in Early European Integration

A major achievement of new institutionalism in economics and political science is the formalisation of the idea that certain policies are more efficient when administered by a politically independent organisation. Based on this insight, several policy actors and scholars criticise the European Community for relying too much on a multi-task, collegial, and politicised organisation, the European Commission. This raises important questions, some constitutional (who should be able to change the corresponding procedural rules?) and some political-economic (is Europe truly committed to free and competitive markets?). Though acknowledging the relevance of legal and normative arguments, this paper contributes to the debate with a positive political-scientific perspective. Based on the view that institutional equilibria raise the question of equilibrium institutions, it shows that collegiality was (a) an equilibrium institution during the Paris negotiations of 1950-51; and (b) an institutional equilibrium for the following 50 years. The conclusion points to some recent changes in the way that European competition policy is implemented, and discusses how these affect the “constitutional” principle of collegial European governance.

Xilax, creació i llançament d'un producte nou

Treball de recerca realitzat per un alumne d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2008. S’ha desenvolupat el llançament d’un nou producte al mercat farmacèutic, concretament un xiclet. Per començar s’ha estudiat la composició química del xiclet i com actua de vehicle de principis actius des del punt de vista farmacològic. Simultàniament s’ha dissenyat un xiclet amb propietats terapèutiques, assegurant-se que no existeix al mercat i que és innovador. A partir de la definició del producte i de l’anàlisi dels mètodes tradicionals de fabricació, s’ha optimitzat el procés de fabricació per control de variables. Quan s’ha tingut el prototipus del producte, s’ha avaluat en relació amb els objectius marcats. Finalment s’ha estudiat la viabilitat econòmica. Després d’haver refusat diferents idees de nou producte, per no innovadores o per inviables, s’ha pogut optimitzar el procés de fabricació, s’han ajustat les variables i s’ha obtingut el producte definit com a objectiu. L’estudi de viabilitat econòmica el fa rentable, i està a punt per a la comercialització.

The international trade as the sole engine of growth for an economy

Can international trade act as the sole engine of growth for an economy? If yes, what are the mechanisms through which trade operates in transmitting permanent growth? This paper answers these questions with two simple two-country models, in which only one country enjoys sustained growth in autarky. The models differ in the assumptions on technical change, which is either labour- or capital-augmenting. In both cases, the stagnant economy imports growth by trading. In the first model, growth is transmitted because of permanent increases in the trade volume. In the alternative framework, the stagnant economy imports sustained growth because its terms of trade permanently improve.

The Quest for Regulating the Global Diamond Trade

Campaign efforts by NGOs initially put conflict diamonds on the global radar screen in the late 1990s. In response, the Kimberley Process (KP), a negotiation forum between states, NGOs, and industry, was formed to discuss possible solutions to curb the trade in conflict diamonds. Less than three years later, a voluntary, global certification named the Kimberley Process Certification Scheme (KPCS) was adopted. The KPCS regulates the trade of rough diamonds by certifying all legitimate diamonds. This paper outlines the problem of conflict diamonds, how a global campaign raised awareness about the issue, and how the process of solution building unfolded in the KP. My analysis focuses on the diverse set of actors (NGOs, states, and industry) and their changing interactions over the course of the campaign and global regulation efforts. I conclude with several key lessons that capture important elements observed in this case study.

Technology, business models and network structure in the airline industry

Network airlines have been increasingly focusing their operations on hub airports through the exploitation of connecting traffic, allowing them to take advantage of economies of traffic density, which are unequivocal in the airline industry. Less attention has been devoted to airlines? decisions on point-to-point thin routes, which could be served using different aircraft technologies and different business models. This paper examines, both theoretically and empirically, the impact on airlines ?networks of the two major innovations in the airline industry in the last two decades: the regional jet technology and the low-cost business model. We show that, under certain circumstances, direct services on point-to-point thin routes can be viable and thus airlines may be interested in deviating passengers out of the hub.

Multinationals, R&D and productivity: Evidence for UK Manufactoring firms

In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently ''s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.

Does the EU financing system contribute to shadow economic activity?

Financial contributions to the EU budget depend basically on official GDP. This means that countries with higher shadow economic activity contribute less than they should contribute in a system based on actual GDP and therefore could reduce their incentive to fight against such activities. In this paper we investigate if the EU financing system really has an influence on the intensity with which governments in EU member states fight against shadow economic activity. We find that the EU net contributors significantly fight more intensively against shadow economic activity while EU net receivers significantly fight less. As a result, shadow economic activity is higher in net receiver and lower in net contributor countries than it were in comparison with a scenario of nationally balanced EU funding. Quantitatively and averaged over the time period 2001-2007, the diagnosed effect amounts to a stimulation of hidden economic activity by almost 10% for particular economies. JEL classification: C31, D63, F33, H21, H26. Keywords: EU financing system, shadow economy, tax auditing.

The effects of uncertainty about countries' compliance with the Stability and Growth Pact

The Stability and Growth Pact (SGP) was established to govern discretionary fiscal policy in the European Monetary Union. This article studies the effects created when there is uncertainty about the members’ commitment to respecting the established deficit limits in the SGP. We will show that, even if countries respect the SGP deficit ceiling, the presence of uncertainty about their compliance will bring about higher volatility in key economic variables, which could, in turn, affect unemployment and growth negatively. This finding shows that it is important to reduce uncertainty about the members’ commitment towards the SGP. Keywords: fiscal policy rules, monetary union, Stability and Growth Pact, uncertainty, commitment. JEL No.: E63, F55, H62, H87

China: modelo de crecimiento vía exportaciones e inversión

Aquest treball analitza el creixement econòmic de la República Popular de la Xina entre 1978 i 2008, a manera d'esbrinar els fenòmens econòmics que li han permès a l'economia xinesa el creixement via exportacions. Una vegada descobert les variables independents amb significació que han influït altament en el ràpid creixement viscut pel país en aquest període, aquest treball tracta d'analitzar les causes d'aquesta variable. Un cop realitzat aquesta panoràmica econòmica, aquest treball exposa diferents visions sobre les transformacions necessàries en el país per un creixement sostenible.

Evaluación de la performance económica española e italiana a nivel NUTS-3

En aquest treball s'analitza la performance econòmica aconseguida per totes les províncies espanyoles i italianes entre 1999 i 2007 a través de deu indicadors econòmics. L'objectiu principal d'aquest estudi és poder establir un rànquing econòmic a nivell NUTS-3 d'ambdues nacions, per després poder il.lustrar les seves estructures econòmiques mitjançant gràfics decagonals que facilitin la interpretació de les distàncies comparatives entre les províncies.

Ecological Footprint Inequality: A methodological review and some results

Scarcities of environmental services are no longer merely a remote hypothesis. Consequently, analysis of their inequalities between nations becomes of paramount importance for the achievement of sustainability in terms either of international policy, or of Universalist ethical principles of equity. This paper aims, on the one hand, at revising methodological aspects of the inequality measurement of certain environmental data and, on the other, at extending the scarce empirical evidence relating to the international distribution of Ecological Footprint (EF), by using a longer EF time series. Most of the techniques currently important in the literature are revised and then tested on EF data with interesting results. We look in depth at Lorenz dominance analyses and consider the underlying properties of different inequality indices. Those indices which fit best with environmental inequality measurements are CV2 and GE(2) because of their neutrality property, however a trade-off may occur when subgroup decompositions are performed. A weighting factor decomposition method is proposed in order to isolate weighting factor changes in inequality growth rates. Finally, the only non-ambiguous way of decomposing inequality by source is the natural decomposition of CV2, which additionally allows the interpretation of marginal term contributions. Empirically, this paper contributes to the environmental inequality measurement of EF: this inequality has been quite stable and its change over time is due to per capita vector changes rather than population changes. Almost the entirety of the EF inequality is explainable by differences in the means between the countries of the World Bank group. This finding suggests that international environmental agreements should be attempted on a regional basis in an attempt to achieve greater consensus between the parties involved. Additionally, source decomposition warns of the dangers of confining CO2 emissions reduction to crop-based energies because of the implications for basic needs satisfaction.

Acumulación de reservas de divisas y aparición de fondos soberanos en las economías emergentes de Asia

Aquest Treball Final de Carrera pretén analitzar de manera organitzada els Fons de Riquesa Sobirana, un dels actors amb major rellevància dins de l’economia mundial en els últims anys; sobre el qual es té poca informació, degut principalment, a la seva manca de transparència. Aquest estudi parteix d’un primer anàlisis a nivell macroeconòmic sobre les raons de creació d’aquests fons, i sobre com comencen a agafar importància dins del panorama econòmic actual. A partir d’aquí, es desenvolupa l’estudi sobre els països emergents d’Àsia, que utilitzen aquests Fons de Riquesa Sobirana com a vehicles per a canalitzar les seves Inversions cap a l’exterior, amb l’objectiu de diversificar els seus ingressos econòmics, i garantitzar el desenvolupament futur, tant del país com de la població. Finalment, el treball aborda el cas dels Emirats Àrabs Units, un país amb un gran número de Fons de Riquesa Sobirana, que estan prenen posicions en alguns sectors estratègics de moltes economies desenvolupades.

El impacto de los acuerdos de asociación en las relaciones comerciales entre la Unión Europea y América Latina

Durant diverses dècades les relacions entre la Unió Europea (UE) i Amèrica Llatina es caracteritzaven pel model tradicional de "ajuda sense comerç" fins els anys 1995, que amb acords de quarta generació impulsar el començament del nou instrument. Els acords d'associació (AdA) introdueixen com una novetat tres pilars (diàleg polític, de cooperació i comercial) i centren l'atenció en les relacions comercials, liberalitzen el comerç i estableixen un nou model d'associació biregional. Aquest treball de recerca analitza els AdA de la UE amb països o grups de països llatinoamericans i el seu impacte en les relacions comercials entre la UE i Amèrica Llatina.

China’s Strategy in North Africa: New economic challenges for the Mediterranean region

El WP té com a objectiu examinar per què els països del nord d'Àfrica estan augmentant les seves importacions de Xina i per què la Xina està augmentant les seves inversions estrangeres directes a la zona. la avantatges per als països del nord d'Àfrica es troben en els actuals acords de lliure comerç, el absència de barreres aranzelàries i la seva ubicació geogràfica summament beneficiosa com Hub de la Mediterrània. El paper de la Unió per la Mediterrània és clau per identificar aspectes de la política regional, tenint en compte la participació xinesa a la zona. com conseqüència, concloem que els actors polítics han de trobar un equilibri entre sostenible desenvolupament i els interessos econòmics de la regió.

La Cooperación comercial CE-ACP: Evaluación del Protocolo del Azúcar

A pesar de que estos compromisos comerciales especiales han implicado sustanciales transferencias para algunos países ACP participantes, éstas no han logrado, en general, la expansión del bienestar económico de dichos países. Dan soporte a ello determinados elementos influyentes tanto en el diseño como en la aplicación del Protocolo. En consecuencia, se pretende aportar líneas de mejora de la política europea de cooperación al desarrollo de los países ACP beneficiarios del Protocolo en el ámbito del azúcar, en el marco de la nueva cooperación comercial CE-ACP y la propuesta de reforma de la OCM del azúcar.