Showing 1 - 10 of 38
It is believed that market power of the input supplier, charging a linear price, is detrimental for the consumers since it creates the double marginalisation problem. We show that this view may not be true if the final goods producers can adopt strategies to reduce rent extraction by the input...
Persistent link: https://www.econbiz.de/10011086454
The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common but unrealistic assumptions of homotheticity, or...
Persistent link: https://www.econbiz.de/10005765681
Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a “pathological export boom” and a “bazaar effect”. Excessively high wages defended by unions and the welfare state...
Persistent link: https://www.econbiz.de/10005405720
itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … strong evidence of a gradual increase in trade intensity between European countries. Once we control for this trend in trade …
Persistent link: https://www.econbiz.de/10005405814
The paper develops a unified general equilibrium model including savings with overlapping generations, investment and search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
Persistent link: https://www.econbiz.de/10005406035
(China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic …
Persistent link: https://www.econbiz.de/10005406059
Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation …
Persistent link: https://www.econbiz.de/10005406266
of subregional and bilateral trade agreements. This paper analyzes the recent trends and patterns and nature of regional … trade and cooperation agreements (RTCAs) in Asia and associated problems and prospects. It also attempts to understand the … for the emergence of new regional trade in blocs of several subregional groupings. …
Persistent link: https://www.econbiz.de/10005406449
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10011165503
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in stark contrast with the descriptive evidence presented in this paper. Larger firms choose to export and are also more likely to adopt collective bargaining. We rationalize...
Persistent link: https://www.econbiz.de/10011086453