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The Rise of Europe : Atlantic Trade, Institutional Change and Economic Growth
Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2021
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
Persistent link: https://www.econbiz.de/10013246977
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On Current Account Surpluses and the Correction of Global Imbalances
Edwards, Sebastian - 2007
realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …
Persistent link: https://www.econbiz.de/10012777651
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2010
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable … catching-up to the United States by France and Japan after WW2, that stopped in the case of Japan during the 1990s. Capital …
Persistent link: https://www.econbiz.de/10013149831
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Globalization and Monetary Control
Woodford, Michael - 2007
; rather than the supply of liquidity by a national central bank alone; by making real interest rates dependent on the global …
Persistent link: https://www.econbiz.de/10012776195
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Goods and factor market integration : a quantitative assessment of the EU enlargement
Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - 2017
The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...
Persistent link: https://www.econbiz.de/10011704526
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Do trade agreements stimulate international trade differently? : evidence from 296 trade agreements
Kohl, Tristan; Brakman, Steven; Garretsen, Harry - 2013 - This version, April 2013
In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...
Persistent link: https://www.econbiz.de/10009743775
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FDI, trade integration and the border effect : evidence from the European Union
Martínez-San Román, Valeriano; Bengoa, Marta; … - 2014
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010371905
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Goods and Factor Market Integration : A Quantitative Assessment of the EU Enlargement
Caliendo, Lorenzo - 2017
The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...
Persistent link: https://www.econbiz.de/10012949423
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Putting Canada in the penalty box : trade and welfare effects of eliminating NAFTA
Baier, Scott L.; Bergstrand, Jeffrey H.; Bruno, John P. - 2019
Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....
Persistent link: https://www.econbiz.de/10012026353
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578