This paper presents a dynamic North-South general-equilibrium model where households have non-homothetic preferences. Innovation takes place in a rich North while norms in a poor South imitate products manufactured in North. Introducing non-homothetic preferences delivers a complete...

FIW publishes quarterly FIW Notes. They present an overview of the most important Austrian and international developments regarding international economics. There is only a German version available.

The amount of water embodied in Austrian imports of selected agricultural products is quantified. These imports are analysed by a dynamic model that is based on the water footprint concept. The model quantifies the water savings potential using a database including more than 200 countries and...

We analyse a world consisting of ’the North’ and ’the South’ where labour standards in the North are set by trade unions. Standards set by unions tend to increase output and welfare. There are no unions in the South and work standards are suboptimal. Trade between these two countries can...

Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...

FIW publishes quarterly FIW Notes. They present an overview of the most important Austrian and international developments regarding international economics. There is only a German version available.

FIW publishes quarterly FIW Notes. They present an overview of the most important Austrian and international developments regarding international economics. There is only a German version available.

FIW publishes quarterly FIW Notes. They present an overview of the most important Austrian and international developments regarding international economics. There is only a German version available.

FIW publishes quarterly FIW Notes. They present an overview of the most important Austrian and international developments regarding international economics. There is only a German version available.