The Contribution and Potential of Data Harmonization for Cross-National Comparative Research

The promise of empirical evidence to inform policy makers about their population's health, wealth, employment and economic well being has propelled governments to invest in the harmonization of country specific micro data over the last 25 years. We review the major data harmonization projects launched over this period. These projects include the Luxembourg Income Study (LIS), the Cross-National Equivalent File (CNEF), the Consortium of Household Panels for European Socio-Economic Research (CHER), the European Community Household Panel (ECHP), the European Union Statistics on Income and Living Conditions (EU-SILC), and the Survey of Health, Aging and Retirement in Europe (SHARE). We discuss their success in providing reliable data for policy analysis and how they are being used to answer policy questions. While there have been some notable failures, on the whole these harmonization efforts have proven to be of major value to the research community and to policy makers.

The promotion of renewable energy sources: European experiences and steps forward

This study investigates the instruments used by governments in order to support renewable energy sources in the European Union. The findings of this study reveal that policy goals could be achieved by using a large variety of instruments and renewable energies could be better promoted if policy instruments are harmonized. The study was carried out by combining a wide variety of sources, such as strategies, reports, regulations, and European experiences in promoting renewable energy sources. The methodology and the results reported in this research may be used for designing new, harmonized policy instruments to support renewable energy sources in the European Union.renewable energy sources, environmental protection, policy instruments, supporting schemes, harmonizationJournal: Economia. Seria Management

The launch of the euro

The introduction on January 1, 1999, of the euro--the single currency adopted by eleven of the fifteen countries of the European Union--marked the beginning of the final stage of Economic and Monetary Union and the start of a new era in Europe. The creation of a single currency and a single monetary policy has provided both extraordinary challenges and exceptional opportunities within Europe. This article reviews the organization, objectives, and targets of the euro area's new central bank and discusses some of the early challenges it has faced in setting and implementing monetary policy with the new common currency. It discusses the initial functioning of the payment system and the interbank market and reviews the effects to date of the single currency on European bond and equity markets, on the banking system, and in euro-area transactions.Euro ; European Monetary System (Organization) ; European currency unit

The European Model Company Law Act project

On 27 and 28 September 2007, a commission formed on the initiative of the authors held its first meeting in Aarhus, Denmark to deliberate on its goal of drafting a "European Model Company Law Act" (EMCLA). This project, outlined in the following pages, aims neither to force a mandatory harmonization of national company law nor to create a further, European corporate form. The goal is rather to draft model rules for a corporation that national legislatures would be free to adopt in whole or in part. Thus, the project is thought as an alternative and supplement to the existing EU instruments for the convergence of company law. The present EU instruments, their prerequisites and limits will be discussed in more detail in Part II, below. Part III will examine the US experience with such "model acts" in the area of company law. Part IV will then conclude by discussing several topics concerning the content of an EMCLA, introducing the members of the EMCLA Working Group, and explaining the Group's preliminary working plan

SEE Regional Wholesale Market Design: Recommendations, Available Options and Implementation

In 2005 the countries of South East Europe (SEE) committed themselves to develop a regional energy market in SEE. The World Bank offered to provide technical assistance and recommendations for the most effective implementation of the electricity wholesale market opening. This paper presents and discusses the main proposals of the Study for the SEE Regional Market Design. It then proceeds to the provision of recommendations on how the Study’s proposals can be enhanced and fit better to the current status of the SEE markets.South East Europe, Regional Electricity Market, Market Design.

Product and Destination Mix in Export Markets

Expansion into foreign markets is a major decision for a firm and it involves choices about which countries to approach and which products to export. We use a new database that covers the universe of export transactions for firms located in Portugal for the period 1996-2005 in order to examine the joint decision of where and what to export. We find that multi-product and multi-destination firms are crucial in explaining the dynamics of export over time. The exporters' portfolio is very diversified in terms of sectors and product tenure and it is frequently modified over time. We show that, while continuing firms exporting continuing products to continuing destinations are fundamental in explaining the year-to-year growth rate of aggregate exports, the contribution of gross entry and exit of both destinations and products is, in absolute value, as important as the contribution of gross entry and exit of firms. Moreover, growth dynamics of new exporters proceeds along lines that are different from those characterizing the representative incumbent firm. The destination extensive margin is almost as important as the destination intensive margin and almost one-third of the latter is due to product switching (the product extensive margin). Firms access new destinations mostly by exporting new products, i.e. products that were not previously sold anywhere else by the firm. Products already exported by the firm to other destinations are an important but not the primary way to enter new destinations.

Towards a Better Understanding of Disparities in Scenarios of Decarbonization: Sectorally Explicit Results from the RECIPE Project

This paper presents results from a model intercomparison exercise among regionalized global energy-economy models conducted in the context of the RECIPE project. The economic adjustment effects of long-term climate policy aiming at stabilization of atmospheric CO2 concentrations at 450 ppm are investigated based on the cross-comparison of the intertemporal optimization models REMIND-R and WITCH as well as the recursive dynamic computable general equilibrium model IMACLIM-R. The models applied in the project differ in several respects and the comparison exercise tracks differences in the business as usual forecasts as well as in the mitigation scenarios to conceptual differences in the model structures and assumptions. In particular, the models have different representation of the sectoral structure of the energy system. A detailed sectoral analysis conducted as part of this study reveals that the sectoral representation is a crucial determinant of the mitigation strategy and costs. While all models project that the electricity sector can be decarbonized readily, emissions abatement in the non-electric sectors, particularly transport, is much more challenging. Mitigation costs and carbon prices were found to depend strongly on the availability of low-carbon options in the non-electric sectors.Decarbonization, Energy and Climate Policy

Policy Dialogue under the New Aid Approach: Which Role for Medium-sized Donors? Theoretical Reflections and Views from the Field

The new aid approach (NAA) pays particular attention to the politico-institutional dimension of development. It is largely centred around a reform-driven governance agenda. Donors must facilitate and support reform, and this implies that they move away from micro-managed and donor-driven projects towards more aligned and harmonized modalities of aid like capacity building TA and budget support, which are allocated and spent according to recipient priorities. But the trust that donors have is seldom complete, and the quid pro quo of working with and through the recipient is a policy dialogue (PD) where donors can advise the government but also exert some pressure. In this paper we look critically at the policy dialogue between recipient government and donors in order to find out if and to what extent a medium-sized donor, can play a role and add value to the PD. To start with we enumerate seven principles that we think underlie the NAA, which we then contrast with what can be realistically expected from donors and recipient governments from a political economy perspective.

Illegal Russian Crab: An Investigation of Trade Flow

WWF investigated the trade flow of legal and illegal crab harvested in Russian waters throughout the North Pacific to better understand the impact on the global seafood market. Analysis used primary sources such as Russian crab stock assessments, publically accessible trade and customs data, satellite imagery of fishing boat movements, and interviews with experts to obtain a unique picture of the harvest of legal and illegal crab products