little evidence for them. We argue that this outcome could be due to episodic failure of cointegration, possible two …

provide a new quantitative welfare measure by dividing the manufacturing sector into import and export sub-sectors. We then … evaluate how the increased openness caused by China's accession to the WTO effects the importing and exporting sectors. We find … surprisingly, that the gains to the import sector are larger than the gains to the export sector. Moreover, the size and the …

import data for the period 1967-95. We also find that the aggregate volume of Japanese imports is not responsive to excessive …

In this paper we use a model of vertical product differentiation to cast doubt on the general validity of the import …

period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and non-linearity of … both series are found to vary considerably across states, whilst the fractional cointegration analysis suggests that a long …

We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …

intensive industries, such as cement, by increasing the relative cost of domestic production. -- capacity investment ; demand …