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How Close is Asia to Already Being A Trade Bloc?

Li, Chunding - 2014

FTA bilateral and regional negotiations in Asia have developed quickly in the past decade moving Asia ever closer to an … another. For countries in Asia there is negotiation of a China-Japan-Korea agreement, a China-India agreement, a Trans … potential full Asia integration in the form of a trade bloc. Our results reveal that these large Asia economies can be close to …

Persistent link: https://www.econbiz.de/10012458243

How Large Are the Gains from Economic Integration? Theory and Evidence from U.S. Agriculture, 1880-1997

Costinot, Arnaud - 2016

In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...

Persistent link: https://www.econbiz.de/10012455734

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2009

The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...

Persistent link: https://www.econbiz.de/10012464013

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier - 2003

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...

Persistent link: https://www.econbiz.de/10012469014

Neoclassical Growth in an Interdependent World

Kleinman, Benny; Liu, Ernest; Redding, Stephen; Yogo, … - National Bureau of Economic Research - 2023

We generalize the closed-economy neoclassical growth model (CNGM) to allow for costly goods trade and capital flows with imperfect substitutability between countries. We develop a tractable, multi-country, quantitative model that matches key features of the observed data (e.g., gravity equations...

Persistent link: https://www.econbiz.de/10014447272

Goods and Factor Market Integration : A Quantitative Assessment of the EU Enlargement

Caliendo, Lorenzo - 2017

The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...

Persistent link: https://www.econbiz.de/10012454987

Globalization in historical perspective

Bordo, Michael D. (ed.); Taylor, Alan M. (contributor); … - 2003

Persistent link: https://www.econbiz.de/10013480751

Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later

O'Rourke, Kevin H. - 2005

In his seminal publications between the 1930s and 1960s, Frederick Lane offered three hypotheses regarding the impact of the Voyages of Discovery that have guided debate ever since. First, pepper and other spice prices did not rise in European markets in the century before the 1490s, and thus...

Persistent link: https://www.econbiz.de/10012466787

North American Economic Integration and Industry Location

Hanson, Gordon H. - 1998

Does regional economic integration affect the location of economic activity inside countries? In this paper, I discuss recent academic literature on whether the movement towards free trade in North America has influenced the spatial organization of production in Canada, Mexico, or the United...

Persistent link: https://www.econbiz.de/10012472223

Economic Integration and Convergence : U.S. Regions, 1840-1987

Kim, Sukkoo - 1997

Despite the recent inroads made by models of interregional trade based on external" economies, the analysis of the long-run trends in U.S. regional specialization in agriculture manufacturing, wholesale trade, retail trade, services, and all economic activities indicate that" these trends are...

Persistent link: https://www.econbiz.de/10012472480

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