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estimations are based on a nonlinear gravity equation that incorporates the hypothesis that exports create externalities that …
Persistent link: https://www.econbiz.de/10012783160
affecting current preferences, and apply this framework to the European Union. Empirically, the quasi-random division of the …
Persistent link: https://www.econbiz.de/10012171727
We examine the incentives for integration between two nations of different sizes in a set up similar to that used by Alesina and Spolaore (2003): individuals are indexed by location, each nation (comprising of individuals) is an interval, and the public good in each nation is provided from its...
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We use four subsequent EU enlargement waves over three decades (1980s, 1990s, 2000s) to assess the regional effects of macro-institutional changes. Our focus is set on EU internal border regions which are specifically exposed to international integration, but it remains unclear how they benefit...
Persistent link: https://www.econbiz.de/10014000404
Purpose - This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this type of study, the BRICS framework is an appealing empirical case, given its uncommon characteristics. For...
Persistent link: https://www.econbiz.de/10014516334
Economic integration between the EU and the CEECs has proceeded at high speed over the 90's, with the main channels of such integration being trade and FDI. Some authors believe that the `commercial transition?is now complete and that a new, deeper phase of integration has started, with growing...
Persistent link: https://www.econbiz.de/10010313313
workers are unionized and their wages depend on relative union bargaining power. If this power is high enough, then there is … central planner eliminates union power altogether to have full employment. On the other hand, if (b) is more effective than (a …
Persistent link: https://www.econbiz.de/10010269189