3 votes
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Are the EU funds coming from EU citizen's taxes as well?

The main four sources of EU revenue are: Custom duties and levies - EU calls this its 'Traditional own resources'. These are however not collected directly but member states collect it on the EU's ...
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2 votes
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Can Eurozone countries issue their own bonds?

Issuing bond is indeed the competence of the individual states. For example, you can buy 10 year bonds both from Italy and Germany, both of which are Eurozone countries: https://www.investing.com/...
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2 votes
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Why do low labour and wage flexibility forestall a single currency?

It's probably referring to the standard OCA theory of the tradeoff between symmetry and flexibility, but in the latter flexibility is usually one index: The theory of optimal currency areas (OCA) has ...
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  • 3,730
2 votes

Is there a pull of skilled workforce from rural to urban areas?

It somewhat depends what you mean by that. The process is more complicated with migrants to cities also acquiring skills/education there, e.g. Another important piece of work related to education-...
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  • 3,730
2 votes
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Why has France been hit so hard by rising petrol prices?

Why has France been hit so hard by rising petrol prices? Because restrictions on Russian oil increase world oil prices as well. As you can clearly see from the data there was sharp increase in US, ...
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2 votes

Are Estonia, Iceland, Hungary and Greece in a similar economical level?

In per capita terms Iceland and Estonia are richer and more developed economies than Greece or Hungary, but in absolute terms they are smaller (see OECD data). This is because both Greece and Hungary ...
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2 votes
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Does countries building gas plants result in rising gas prices?

If everything else stays constant then increase in demand will lead to increase in prices. However, in real life everything constantly changes. For example, if gas producers increase production of gas ...
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  • 2,184
2 votes
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Are there any general rules that can be used to assess the consequences of a significant minimum wage increase in a country's economy?

The only few soft general rules when it comes to minimum wages. The higher they get relative to median wage in the economy the higher the probability the utility cost of minimum wages imposed by ...
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  • 42.5k
2 votes

Has the ban of single-use plastics sparked innovation in biodegradable recyclable plastics?

Not sure if this question is suitable for this site but here's some (unsubstantiated by data) information and some other interesting points relating to economics behind it. Rationale of the ban is not ...
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  • 1,630
2 votes
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If protectionist policies hinder economic growth, why do we need border taxes at all?

From pure trade theory perspective there are cases where tariffs can improve welfare of a country provided it is big economy (economy that can affect international prices). And there can be also other ...
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  • 42.5k
2 votes

Famous recent paper on monetary Unions

Get a copy of De Grauwe's "Economics of Monetary Union". The most recent version (13th edition) is quite recent, from this year. So if there is a "famous" recent paper, it is ...
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  • 5,090
1 vote

Why do Eurozone members have a commonly higher Debt-to-GDP ratio?

They've already adopted the Euro (from which there's no "easy way out") so the convergence criteria is just dead letter after that... The EU has a procedure called the EDP (Excessive Deficit ...
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  • 3,730
1 vote

Does the UK have a trade agreement with Australia?

No, the UK does not have a trade agreement with Australia. Since it is still a member of both the European Union's Single Market and Customs Union (EU SM&CU), it is covered by all of the EU's ...
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  • 8,012
1 vote

Areas of Europe with more women than men have higher GDP and lower unemployment. Why might this be?

I believe this is generally true in the US, and I'll offer at a few reasons that are sometimes suggested here. Women are more likely to go to college than men, and colleges tend to be located in ...
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1 vote

Is there a way to adjust trade data between China and EU member countries for the Rotterdam effect?

This seems relevant: China and the Dutch Economy I have only a limited experience in this, but here are some approaches you could look at. Re-export data UN Comtrade has re-exports data (products ...
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  • 2,764
1 vote

Is there a pull of skilled workforce from rural to urban areas?

Yes, this was written about at some length in Progress and Poverty by the American economist Henry George in the late 1800s.
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1 vote

The economics of a "no deal" Brexit

Brexit economic forecasts usually assume that Brexit will happen and nothing more than Brexit. In other words forecasters will not assume other changes which may be pro-growth. For example they will ...
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1 vote

The economics of a "no deal" Brexit

Maybe someone can get into more details, but generally speaking The range of estimates is large, from a loss of GDP of nearly ten percentage points (in the least attractive trade and inward ...
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  • 3,730
1 vote
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What are financial service “passports”?

The EU passporting system for banks and financial services companies enables firms that are authorised in any EU or EEA state to trade freely in any other with minimal additional authorisation. These ...
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  • 136
1 vote

Why does the EU need a clearing centre to circumvent US sanctions against Iran?

Because the US has threatened to sanction European companies that trade with Iran. Most European companies that are interested in trading in Iran also trade with the US, so would be vulnerable to ...
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