banking crises is associated with reduced income shares of the rich. Trade openness has no clear distributional impact (if …

European economic integration in the last decades – as reflected in the composition of EC imports - is examined. Then follows a … can be observed from European economic integration in the past. Finally, the special problems and opportunities of EFTA …

model of trade and location. More specifically, we introduce horizontal and vertical multi-region firms into the core … effects found in the CP model by making the range of trade costs for which the core-periphery equilibrium occurs smaller. The …

model of trade and location. More specifically, we introduce horizontal and vertical multi-region firms into the core … effects found in the CP model by making the range of trade costs for which the core-periphery equilibrium occurs smaller. The …

Productive factors such as human and physical capital are accumulated and trade can affect the steady-state levels of … such factors. Consequently, trade liberalization will have dynamic effects on output and welfare as the economy moves to … trade depends on the importance of external scale economies. …