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We consider repeated interaction among several producers of a homogeneous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown.
Persistent link: https://www.econbiz.de/10005675260
Asymmetric information about true opportunity cost in trade between a multinational and its foreign affiliate can …
Persistent link: https://www.econbiz.de/10005675286
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
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
I consider the implications of recent research for R&D policy in developing countries. Typical new growth models, which assume free entry and no strategic behaviour by R&D producers, are less appropriate for policy guidance than strategic oligopoly models. But the latter have ambiguous...
Persistent link: https://www.econbiz.de/10005783308