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In this paper we analyze the effects of global and national technological change on employment levels and relative wages in an integrated two-country world ("Europe" and "America"), where both countries are characterized by equilibrium unemployment due to fair wage constraints. The asymmetry...
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Anderson and vanWincoop (2003) developed what has become the standard framework for framing and interpreting empirical work using the gravity model. Its main advantage is that it recognizes and tackles the issue of endogeneity of prices. Hoverer, two shortcomings of their framework are that 1)...
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This paper examines the political process through which the U.S. auto industry pursued and ultimately received protection from Japanese competition. Following a brief review of research on the competitiveness of the industry (section II) and on the effects of protection on industry performance...
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Theoretical and empirical research in economics suggests that bilateral migration triggers bilateral trade through a number of channels. This paper assesses the functional form of the impact of migration on trade flows in a quasi-experimental setting. We provide evidence that the relationship is...
Persistent link: https://www.econbiz.de/10013124393
The WTO is regarded as one of the few successes of (proto-) constitutionalism in response to globalization. However, the rapid deepening of economic integration that has occurred in recent decades has meant that the relevant civil society is less obviously well-represented by nation-state...
Persistent link: https://www.econbiz.de/10013053571
The post Second World War liberal trade order has been a driver of global economic growth and rising average per capita incomes. This order confronts increasing opposition, reflecting concerns about adjustment costs and distributional effects of globalization, and the ability to pursue national...
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