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Small State Regional Cooperation, South-South and South-North Migration, and International Trade

Schiff, Maurice W. - 2010

This paper provides a different basis than previous analyses for regional bloc formation and regional migration. Due to low bargaining power and fixed costs, small states face a severe disadvantage in negotiations with the rest of the world and might benefit by forming a regional bloc. The study...

Persistent link: https://www.econbiz.de/10013141777

Trade, Wages, and Productivity

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2021

We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...

Persistent link: https://www.econbiz.de/10013324989

An Adverse Social Welfare Effect of Quadruply Gainful Trade

Stark, Oded; Kosiorowski, Grzegorz - 2021

Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are less than losses in...

Persistent link: https://www.econbiz.de/10013315260

Economic Sanctions and Trade Flows in the Neighbourhood

Bove, Vincenzo; Di Salvatore, Jessica; Nisticò, Roberto - 2023

We investigate the effect of economic sanctions on trade flows in countries sharing a border with sanctioned states. According to trade models, sanctions are expected to reduce trade flows as they disrupt established trading routes and economic relationships with suppliers and customers....

Persistent link: https://www.econbiz.de/10014260611

How Opportunity Costs Decrease the Probability of War in an Incomplete Information Game

Polachek, Solomon W.; Xiang, Jun - 2021

This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...

Persistent link: https://www.econbiz.de/10013324734

International Trade and its Effects on Economic Growth in China

Sun, Peng - 2010

the country to target the world as its market. This research discusses the role of international trade in China's economic … growth. It starts with a review of conceptions as well as the evolution of China's international trade regime and the policy … that China has taken in favor of trade sectors. In addition, China's international trade performance is analyzed …

Persistent link: https://www.econbiz.de/10013138732

Trade, FDI, Migration, and the Place Premium : Mexico and the United States

Gandolfi, Davide - 2015

Large wage differences between countries ("place premiums") are well documented. Theory suggests that factor price convergence should follow increased migration, capital flows, and commercial integration. All three have increased between the United States and Mexico over the last 25 years. This...

Persistent link: https://www.econbiz.de/10013016278

Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?

Brixiova, Zuzana - 2015

The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs...

Persistent link: https://www.econbiz.de/10013016290

Modeling International Trade Flows between Eastern European Countries and OECD Countries

Rault, Christophe; Sova, Robert; Sova, Anamaria - 2021

Our paper deals with econometric developments for the estimation of the gravity model which lead to convergent parameter estimates even when a correlation exists between the explanatory variables and the specific unobservable characteristics of each unit. We implement panel data econometric...

Persistent link: https://www.econbiz.de/10013316977

Review of the Recent Trends in Development Economics Research : With Experience from the Federal Region of Kurdistan

Heshmati, Almas - 2008

outsourcing activities, the increased flow of direct foreign investment and its heterogeneous regional distribution, the increased …

Persistent link: https://www.econbiz.de/10012773083