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Energy is a driving force of economic development in the modern world, while as a commodity group it holds the greatest share of the world seaborne trade. Oil, natural gas and coal are the three most important sources of energy for the European Union which, as a bloc, represents 17% of the total energy consumption. The aim of the present paper is to explore the economics and trade issues of these three major energy commodities and investigate the role of the maritime transport in the energy trade within the context of the EU-25. A number of factors are considered in order to discuss contemporary opportunities and challenges that arise in this context for the shipping business. The examination reveals the critical dependence of EU-25 energy supply on seaborne trade and the considerable reliance of the maritime transport on such commodities for the generation of shipping business within the realms of the EU-25. Among the parameters regarded as conducive to the demand of shipping services in the context of the EU energy trade are the energy demand factor, the import dependency factor, the cost effective production element, and seaborne trade related parameters while consideration is also given to environmental issues.

The authors considered three regional trading agreements (RTAs): European Union (EU-25), ASEAN Free Trade Area (AFTA), and South Asian Free Trade Area (SAFTA) to test the hypothesis that poor members within a RTA catch rich members and thereby follow the path of income convergence. Of particular interest is to test whether partial openness (i.e. formation of RTAs) or openness or political conditions are conducive to economic growth among the member countries of RTAs. The paper aims to discuss these issues.

The authors used pooled datasets from three different RTAs, namely the EU-25, the AFTA, and the SAFTA. Taking five years average for all variables, starting from 1961 to 1965 and extending to 2001-2005, the authors tested the hypothesis that the growth rate of per capita GDP is negatively related to the initial level of per capita GDP. Constructing a dynamic behavioral equation and forming the reduced form equation, the authors calculated the s-convergence, and both conditional and unconditional convergence.

The authors found that both the EU-25 and the AFTA exhibit s-convergence, and both conditional and unconditional convergence, while the reverse evidence was observed in the case of the SAFTA. However, the speed of convergence of the AFTA was found to be much higher than that of the EU-25.

Formation of RTA by countries should be considered as an essential condition to achieve sustained economic growth. In addition, political rights, trade openness, and more importantly benevolence of the member countries within the RTA must be shown to sustain economic growth and convergence; otherwise with the passage of time, divergence among the RTA members will be evident.

The General Theory of Employment, Interest and Money by John Maynard Keynes (1936) gave us the macroeconomic theory for an economy of a sovereign nation state. Concerned students of macroeconomics may study earlier works. Did Karl Marx's Das Kapital and the Physiocrats' A Tableau Economique offer to teach us some aspects of macroeconomics? One may venture to suggest that Arthashatra by Kautilya, written in Sanskrit some two thousand years ago, was an ancient treatise on macroeconomics.

This chapter studies the distribution of labour earnings among employees within the EU using data from Wave 2007-1 of the EU-SILC. The ranking of countries by median full-time equivalent monthly gross earnings shows Eastern European nations at the bottom and Luxembourg at the top; earnings differences are sizeable, both across and within countries. Taking the euro area and the EU-25 as a whole, inequality is higher when earnings are measured in euro at market exchange rates than at purchasing power parities. Unsurprisingly, the wage distribution is narrower in the euro area than in the EU-25, which includes the poorer Eastern European countries joining the Union in 2004. The higher inequality observed for the EU-25 is largely attributable to between-country differences, which in turn reflect differences in returns to individual attributes more than in workforce composition.

In this paper we measure the effect of the quota on the difficulty of making decisions in the EU-25 Council with the weights agreed upon in the Treaty of Nice. We compute the probability of a proposal being rejected in the Council. This probability depends on the voting rule (and therefore on the quota) and on the probabilities of the different vote configurations. Here we do not consider that all vote configurations are equiprobable, the classical implicit or explicit assumption in the literature. We assume that vote configurations with a minority of member states in favour of the proposal have a null probability, with other vote configurations being equiprobable.

This paper aims to use a lead market approach for each of 25 European Union member states (EU‐25) to assess the likelihood that locally preferred innovation designs in the Energy Production Sector will become successful in other countries. Based on the lead market analysis, it aims to outline implications for innovation management.

The paper identifies and operationalises indicators to measure and compare the lead market properties of the energy production sector at international level. The indicators used are taken from the Community Innovation Surveys, the Eurostat/OECD PPP and Expenditure Database, the UNCTAD FDI‐Database, the EU Business Demography Statistics, and the Eurostat Foreign Trade Database (Comext).

French energy production companies proved the most effective at orienting their product innovations towards the needs of customers in international markets. The companies in other countries within the EU trade on home markets that exhibit barriers to innovation in at least two of the lead market factors. Therefore, the lead market, France, should be the focal point for the development of global innovation designs. By focusing on innovation designs which respond to the preferences within the French lead market, the innovation management of a company can leverage the success experienced in the lead market for the product's global market launch.

Indicator values were not always available for lead market properties of the energy production sector in every member state. This was particularly true when it came to measuring market structure advantage and transfer advantage.

Market research on the lead market takes centre stage when product innovations are in the development phase. Companies in countries that do not have sufficient above‐average lead market attributes must target product innovations to fit the preferences of users in the lead market – in this case, the French clients of the energy production sector. The observation of the lead market can take on varying degrees of intensity. These range from simply making use of listening posts in the lead market to testing and/or launching new products there.

This paper is the first to apply the lead market approach to systematically investigate demand‐specific innovation drivers in the energy production sector. Its consideration of the demand side of innovation is of the utmost interest for the more recent strains of innovation research as well as for innovation management in the energy production sector itself.

The purpose of this paper is to empirically assess whether immigrants suffer from unequal access to health care services, that add to prevailing socioeconomic barriers to care.

Using a uniquely rich Italian health survey, the authors estimate the correlation between immigrant status and the probability of accessing health services, conditional on a rich set of individual and territorial characteristics.

Results show that foreigners are more likely to contact emergency services and less likely to visit specialist doctors and use preventive care. Similar results hold for second-generation immigrants.

The authors discuss the sources of observed inequities and suggest tentative policy implications to promote equal access.