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programs and formed MERCOSUR. The effects of these reforms on production structures in these countries have not received a … driving forces of these patterns. The establishment of MERCOSUR has fostered the relative importance of factor endowments and …
Persistent link: https://www.econbiz.de/10005678815
This paper focuses on what the driving forces behind industry localisation in Europe are. Based on traditional as well as new trade theory and new economic geography our cross-sectoral empirical analysis seeks to explain the pattern of relative and absolute concentration of manufacturing...
Persistent link: https://www.econbiz.de/10005504618
. Results suggest that in the case of the Common Market of the Southern Cone (Mercosur) both forces were important. Terms … that the terms-of-trade externalities among Mercosur's members have been internalized in the Common External Tariff (CET). …
Persistent link: https://www.econbiz.de/10005666986
We return to a familiar topic in international trade, comparative advantage, introducing it into a model of economic geography. We provide a clear counterexample to the familiar result that trade liberalization leads to increased industrial concentration. Instead, lower trade costs may lead to a...
Persistent link: https://www.econbiz.de/10005124000
We formulate a simple model that captures two recent hypotheses: (i) that countries with an abundant absolute endowment of skilled labour will be net exporters in R&D-intensive industries; and (ii) that countries with a large domestic market will be net exporters in scale-intensive industries....
Persistent link: https://www.econbiz.de/10005792049
This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has three comparative advantages: including emerging and advanced economies, isolating panel variation regarding the link between productivity and exports, and exploiting...
Persistent link: https://www.econbiz.de/10010229958
When labor abundant nations grow, their exports increase more in labor intensive than in capital intensive sectors. We utilize this difference in how exports are affected by growth to identify the causal effect of trade with low-income countries (LICs) on U.S. industry. Our framework relates...
Persistent link: https://www.econbiz.de/10005791689
This article investigates new opportunities that are emerging for Bangladesh with regard to her trade with India. In spite of the growing bilateral trade deficit, value of Bangladesh’s exports to India increased by about three times over the last five years. Examination of the dynamics of...
Persistent link: https://www.econbiz.de/10011135937
The analysis of business cycle synchronization levels has become a key point in the discussion of the processes of international economic integration. Economists show a particular interest in analyzing the frequency of processes of business cycle convergence and divergence (decoupling) in the...
Persistent link: https://www.econbiz.de/10010228503
This Paper examines how the geography of UK international trade has changed since the UK’s accession to the European Economic Community using a newly constructed dataset that gives a detailed breakdown of the UK’s imports and exports by both port of entry and exit, and commodity. Our results...
Persistent link: https://www.econbiz.de/10005791836