Roads to Deeper European Integration

by Henrik Braconier and Mauro Pisu, Despite substantial integration, national borders still provide a large obstacle to trade in Europe. This column shows that much of these ‘iceberg costs’ can be attributed to underdeveloped infrastructure, namely roads. Improving international roadways to the level of national ones could substantially raise gains to trade.

January 2014 Industrial Production Has Bad Internals

Written by Steven Hansen The headlines say seasonally adjusted Industrial Production (IP) declined in January. Econintersect‘s analysis using the unadjusted data concurs – but adds that the internals are far from good.