Few people doubt that education is valuable for individuals and that a well-educated society benefits each country. But many do not fully understand the magnitude of impact of high-quality education on economic wellbeing. This report provides an analysis of the economic benefits of educational i...
We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high on their locked-in shoppers to maintain short-term profits at the expense of future market shares in times of low demand and vice v...
Beside large capital flows, euro area financial centres feature important and growing trade surpluses. We investigate the composition of their gross trade flows and disentangle domestic and foreign production content that is directly traded with final absorbing economies or embedded in intermediates...
The present report sheds light into the economic benefits and dives deeper into the impact of Open Data at both macro and micro-economic levels. In doing so, it breaks down the broader pool of ‘data’ into Open (Government) Data and privately held data that is of public interest. It looks at the ...
The following in-depth analysis explores economic benefits of policy achievements related to European Consumer Protection. Theoretical background indicates that measures aimed at improving consumer protection should provide mostly positive wider economic impact. Analysed studies related to EU le...
The focus of corporate decision-makers on short-term shareholder value maximisation rather than on the long-term interests of the company reduces the long-term economic, environmental and social sustainability of European businesses. The objective of this study is to assess the root causes of “s...
