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Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2021

phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation …

Persistent link: https://www.econbiz.de/10013315671

Trade, Wages, and Productivity

Behrens, Kristian - 2012

We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...

Persistent link: https://www.econbiz.de/10013097109

Heterogeneous Economic Integration Agreement Effects

Baier, Scott L. - 2015

Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known -- and traditionally presumed exogenous -- “trade-cost elasticity” plays a central role in computing general equilibrium trade-flow...

Persistent link: https://www.econbiz.de/10013014988

Benefits and Challenges of Integrating South and Southeast Asia

Bhattacharyay, Biswa N. - 2021

In recent decades, Southeast Asian economies have prospered through an outward-oriented strategy, through intra-regional integration under the Association of the Southeast Asian Nations (ASEAN) initiative and through participating in the East Asian production networks. In the 1970-80’s, South...

Persistent link: https://www.econbiz.de/10013315908

Geography Rules Too! Economic Development and the Geography of Institutions

Bosker, Erik Maarten; Garretsen, Harry - 2021

To explain cross-country income differences, research has recently focused on the so-called deep determinants of economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use spatial econometrics to analyse the importance of the...

Persistent link: https://www.econbiz.de/10013317516

Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer

Irmen, Andreas - 2017

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10012965706

Productive Government Expenditure and Economic Growth

Irmen, Andreas; Kuehnel, Johanna - 2021

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10013316522

Growth Effects of Spatial Redistribution Policies

Arcalean, Calin - 2012

Regional income disparities have increased in many European countries recently, even as national and supra-national policy instruments were created to correct them. To explain these evolutions, we develop a two-region, two-sector model with migration and public investment in infrastructure and...

Persistent link: https://www.econbiz.de/10013110806

Home Market Effects and the Single-Sector Melitz Model

Felbermayr, Gabriel - 2012

Increasing-returns-to-scale imperfect competition trade models predict a more than proportionate relationship between the larger country's share in world endowments and its share in producing firms: the so called home market effect (HME). While this result plays a key role in empirical testing,...

Persistent link: https://www.econbiz.de/10013112599

A Spatial Perspective on European Integration : Heterogeneous Welfare and Migration Effects from the Single Market and the Brexit

Henkel, Marcel - 2017

We use a quantitative model to study the implications of European integration for welfare and migration flows across 1,318 regions. The model suggests that an increase of trade barriers to the level of 1957 reduces welfare by about 1-2 percent on average, depending on the presumed trade...

Persistent link: https://www.econbiz.de/10012963382