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This paper deals with convergence effects of regional trade agreements. The international literature presents three main motifs to support free trade agreements: stabilisation, avoidance of the hub-and-spoke trade structure, and the training ground argument. This paper analyses Romania's...
Persistent link: https://www.econbiz.de/10005754151
This paper deals with convergence effects of regional trade agreements. The international literature presents three main motifs to support free trade agreements: stabilisation, avoidance of the hub-and-spoke trade structure, and the training ground argument. This paper analyses Romania's...
Persistent link: https://www.econbiz.de/10008539574
This paper discusses the impact of a gradual, pre-announced significant increase of the minimum wage during 2013?16 in Romania. The main finding is that the positive effects prevail when the starting level of increase in the minimum wage is very low and the economy is in a negative output gap....
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