Showing 1 - 10 of 24
The subject of this paper tackles questions of macroeconomic integration of the South-East Asian countries South Korea …
Persistent link: https://www.econbiz.de/10005861044
This paper examines the questions of whether and how feudal rulers were able tocredibly commit to preserving monetary stability, and of which consequences theirdecisions had for the efficiency of financial markets. The study reveals that princes were usually only able to commit to issuing a...
Persistent link: https://www.econbiz.de/10005861191
repercussions for the West as well and an integration process involving both capital deepening (extensive and intensive investment …) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic integration which can …
Persistent link: https://www.econbiz.de/10005861208
This paper addresses the question of macroeconomic integration in the Asian Pacific region. Economically, the analysis …
Persistent link: https://www.econbiz.de/10005861417
In this paper we analyse bootstrap procedures for systems cointegration tests with a prior adjustment for deterministic terms suggested by Saikkonen & Lüutkepohl (2000b) and Saikkonen,Lütkepohl & Trenkler (2006). The asymptotic properties of the bootstrap test procedures are derived and their...
Persistent link: https://www.econbiz.de/10005861697
We propose marginal integration estimation and testing methods for the coefficients of varying coefficient multivariate …
Persistent link: https://www.econbiz.de/10005861878
In this paper, the influence of information costs on the integration of Northern European financial markets between ca … measuring one of these, i.e. the costs of transmitting information, which have particular importance for market integration... …
Persistent link: https://www.econbiz.de/10005854705
Many regions on the EU Eastern borders have developed favourably after the opening up of the border and the implementation of association agreements with the CEECs. This was often seen as a positive sign for the further perspectives of these regions after EU enlargement. In this paper we take a...
Persistent link: https://www.econbiz.de/10010957332
The paper aims to explore international trade flows of the countries involved in the EU eastward enlargement processes – the current EU members (EU15) and the candidate countries (CC12). The empirical results of the study allow us to conclude that the behaviour of bilateral trade flows within...
Persistent link: https://www.econbiz.de/10010957403
border regions in the EU27 since they are likely to play a critical role within the spatial dynamics initiated by integration …. Departing from a three-region economic geography model we investigate whether changes in market access released by integration … result in above-average integration benefits in border regions. …
Persistent link: https://www.econbiz.de/10010957458