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dynamic viewpoint by examining the impact of trade with Japan, North America and the EU on technology diffusion and TFP in … regional: Korea (Mexico) (Poland) benefits mainly from trade with Japan (North America) (the EU); and ii) the dynamic version …
Persistent link: https://www.econbiz.de/10005703120
This paper presents new estimates of the economic benefits from economic and political integration. Using the synthetic counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the European Union (EU) in the 1973, 1980s, 1995...
Persistent link: https://www.econbiz.de/10010764596
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been … provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium …
Persistent link: https://www.econbiz.de/10005566427
The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …
Persistent link: https://www.econbiz.de/10010884392
trade in addition to wages. The bottom-line interests are to provide elasticities of the demand for unskilled (and other …) labor that should assist in short-run policy design and to identify the extent of skill biases or otherwise in trade and …
Persistent link: https://www.econbiz.de/10005763787
its size and welfare impact, and b) examines the impact of international migration as well as the migration-trade …-South migration raises bloc size and welfare; iv) South-South migration and trade are complements under market access negotiations and …
Persistent link: https://www.econbiz.de/10008506072
) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i … variables – education, governance or openness – result in virtuous growth cycles. These are smallest under an increase in trade …
Persistent link: https://www.econbiz.de/10008568276
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components – real wages, capital intensity, and technology – are uncovered through decomposition and cluster analyses. In...
Persistent link: https://www.econbiz.de/10010884247
According to recent UN projections more than 50 percent of the growth in world population over the next half century will be due to population growth in Africa. Given this, any policy that influences African demography will have a significant impact on the world distribution of income. In this...
Persistent link: https://www.econbiz.de/10010959792
This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...
Persistent link: https://www.econbiz.de/10010550529