This study investigates whether importers of U.S. wheat form an integrated market or a series of segmented markets. Two market integration tests are applied: one based on equilibrium price relationships and one based on disequilibrium price relationships. With the exception of a few importers,...

En este trabajo se leeva a cabo un analisis del mercado interior de pescadp fresco en la Comunidad Autonoma del Pais Vasco. En particular, se analizan los precios de una de las principales especies objetivo de la flota de bajura, el verdel o caballa del Atlantico Nordeste, centrandose en el...

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of...

This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key...

In this paper the optimal policy and the stability of a tariff agreement among the importers of a monopolized good that is sold in an integrated market are studied. To analyze the stability, the tariff agreement formation is modelled as a two-stage game. In the first stage each importer decides...

This paper studies the stability of a tariff agreement among the importers of a monopolized good that is sold in an integrated market. The tariff agreement formation is modelled as a two-stage game. In the first stage, each importer decides whether or not to sign the agreement, and in the second...