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cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote …
Persistent link: https://www.econbiz.de/10005646811
This paper is estimating the correlation between tariffs and growth in the late 19th century in the context of three types of growth equation : unconditional convergence equations; conditional convergence equations, associated with Mankiw, Romer and Weil (1992); and factor accumulation models of...
Persistent link: https://www.econbiz.de/10005646817
Problems faced by empirical studies of the purchasing power parity (PPP) hypothesis are: the choice between a multilateral and a bilateral approach, the choice of the appropriate price index and the problem of simultaneous determination of prices and exchange rates. In the present paper, we...
Persistent link: https://www.econbiz.de/10005697656
free ride that the formation of the bloc creates. However, when the threat of a trade war is introduced, this restriction …
Persistent link: https://www.econbiz.de/10005697709
trade on noise in order to gain an infromational advantage she can exploit in future. In a two-period model, we analyze the … trade-off she faces between the cost of the "informational investment" and the profits this brings about. Our results give a …
Persistent link: https://www.econbiz.de/10005697716
A simple look at nominal or effective tariff rates is not sufficient to analyse the trade policy. One has to consider …
Persistent link: https://www.econbiz.de/10005672078
Typically, a small and open economy trades goods at given worl prices. Here, we present a model of a very open small economy, where capital and labor are internationally mobile, too. When targeting mobile capital ("FDI"), the economy's government attracts not only mobile capital but mobile...
Persistent link: https://www.econbiz.de/10005672090
estimated all input, output, expenditure, trade and income flows for the economy in that year. These flows are all mutually …
Persistent link: https://www.econbiz.de/10005672092
This paper presents an analysis of the growth and structure of EU-CEE intra-industry trade since the latter commenced … their economic transition in the late 1980's. Section 2 outlines the economic rationale for intra-industry trade and its … classification into horizontal and vertical two-way trade. Section 3 discusses the empirical classification of trade flows. Rather …
Persistent link: https://www.econbiz.de/10005672094
In this paper we examine optimal strategic trade p[olicy under oligopoly with many home and foreign firms when the … firms have different levels of efficiency and where a trade-off exists between the subsidy bill and firms profits. The first …
Persistent link: https://www.econbiz.de/10005783304