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Articles by Claudius Gräbner
What are the Reasons for the Lack of Overall Convergence in the EU? A Structuralist View
by Claudius Gräbner and Jakob Hafele With its recently proposed €750bn recovery and resilience facility the EU aims to tackle the adverse economic impacts of COVID19. Since the impact within the EU are highly asymmetric, to the disadvantage of countries that are already struggling economically (see also here and here), the commission highlights economic, social and territorial cohesion as the objective of the facility. This puts cohesion high on the agenda of the EU.
Understanding economic openness: a review of existing measures
Abstract This paper surveys measures of economic openness, the latter being understood as the degree to which non-domestic actors can or do participate in a domestic economy. Based on the existing literature, the authors introduce a typology of openness indicators, which distinguishes between ‘real’ and ‘financial’ openness as well as ‘de-facto’ and ‘de-jure’ measures of openness.
Is the Eurozone Disintegrating?
This paper analyses macroeconomic developments in the Eurozone since its inception in 1999. In doing so, we document a process of divergence and polarisation among those countries that joined the Eurozone during its first two years. We find evidence for a ‘core–periphery’ pattern among Eurozone countries, that is, however, marked by substantial heterogeneity within these two clusters.
Beyond Equilibrium: Revisiting Two-Sided Markets from an Agent-Based Modeling Perspective
Armstrong, M. (2006). Competition in two-sided markets. The RAND Journal of Economics, 37 (3), 668–691. doi:10.1111/j.1756-2171.2006.tb00037.x Arthur, W. B., Ermoliev, Y. M., & Kaniovski, Y. M. (1987). Path dependent processes and the emergence of macro-structure. European Journal of Operational Research, 30, 294–303. Bendor, J., Mookherjee, D., & Ray, D. (2001). Reinforcement learning in repeated interaction games. The B.E. Journal of Theoretical Economics, 1 (1), Article 3.
The complementary relationship between institutional and complexity economics: The example of deep mechanismic explanations
Berger, Sebastian, and Wolfram Elsner “European Contributions to Evolutionary Institutional Economics: The Cases of ‘Cumulative Circular Causation’ (CCC) and ‘Open Systems Approach’ (OSA).” Journal of Economic Issues 41, 2 (2007): 1-43. Bunge, Mario A. “The Weight of Simplicity in the Construction and Assaying of Scientific Theories.” Philosophy of Science 28, 2 (1961): 120-149. Bunge, Mario A.
The complementary relationship between institutional and complexity economics: The example of deep mechanismic explanations
Berger, Sebastian, and Wolfram Elsner “European Contributions to Evolutionary Institutional Economics: The Cases of ‘Cumulative Circular Causation’ (CCC) and ‘Open Systems Approach’ (OSA).” Journal of Economic Issues 41, 2 (2007): 1-43. Bunge, Mario A. “The Weight of Simplicity in the Construction and Assaying of Scientific Theories.” Philosophy of Science 28, 2 (1961): 120-149. Bunge, Mario A.
From realism to instrumentalism - and back? Methodological implications of changes in the epistemology of development economics
Blume, L. E. & Durlauf, S. N. (2006). Introduction. In L. E. Blume & S. N. Durlauf (Eds.), The economy as an evolving complex system, iii: current perspectives and future directions (Chap. 1, pp. 1–4). Oxford University Press. Boland, L. A. (2010, November). Review of „The methodology of positive economics: reflections on the milton friedman legacy“, Cambridge University press, 2009, in: Economics and Philosophy, 26 (3), 376–382. Brenner, T. & Werker, C. (2007). A taxonomy of inference in simulation models.
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