Showing 1 - 10 of 11
We develop and econometrically estimate a model of the location of industries across countries. The model combines factor endowments and geographical considerations, and shows how industry and country characteristics interact to determine the location of production. We estimate the model on...
Persistent link: https://www.econbiz.de/10005666721
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
East European countries have experienced sharp declines in real GDP since 1990. One of the reasons for this decline is the Soviet trade shock caused by the collapse of the CMEA and of traditional export markets in the Soviet Union. This paper is an attempt to quantify the magnitude of this...
Persistent link: https://www.econbiz.de/10005136681
By the end of 1991, Czechoslovakia, Hungary and Poland had achieved a substantial degree of openness to foreign trade. In all three countries, trade is now demonopolized and licensing and quotas play a very small role. Exchange controls have virtually disappeared for current-account...
Persistent link: https://www.econbiz.de/10005136686
This paper studies the relationship between political conflict and economic growth in a simple model of endogenous growth with distributive conflicts. We study both the case of two `classes' (workers and capitalists) and the case of a continuum distribution of agents, characterized by their...
Persistent link: https://www.econbiz.de/10005281292
The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is … alike. An alternative approach to globalization would focus on enhancing policy space rather than market access, and on …
Persistent link: https://www.econbiz.de/10005666608
fact been bell-shaped. We argue that this bell-shaped evolution of wage inequality can be linked to globalization and a … rise in offshoring. To analyze the relationship between globalization, offshoring and relative wages, we develop a general … equilibrium model of trade and offshoring. This reveals that globalization and offshoring have two opposing effects on relative …
Persistent link: https://www.econbiz.de/10005123637
The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of...
Persistent link: https://www.econbiz.de/10005136608
While the impact of globalization on income inequality has received a lot of attention,little is known about its effect …
Persistent link: https://www.econbiz.de/10011196036
The design of institutions is shaped by a fundamental trade-off. On the one hand, relationships and heterogeneity push governance down. On the other, the scale and scope benefits of market integration push governance up. A corner solution is rarely optimal. An intermediate outcome, a world...
Persistent link: https://www.econbiz.de/10011084069