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Global View of Economic Growth
Ventura, Jaume - C.E.P.R. Discussion Papers - 2005
, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005666914
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Growth Effects of European Integration
Henrekson, Magnus; Torstensson, Rasha - C.E.P.R. Discussion Papers - 1996
This paper deals with the effects of European integration in the EC and EFTA on economic growth. Base regressions suggest that EC and EFTA memberships do in fact have a positive and significant effect on economic growth, and that there is no significant difference between EC and EFTA membership....
Persistent link: https://www.econbiz.de/10005789045
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Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method
Campos, Nauro F; Coricelli, Fabrizio; Moretti, Luigi - C.E.P.R. Discussion Papers - 2014
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/10011084144
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Trade and Growth with Heterogenous Firms
Baldwin, Richard; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2006
This paper explores the impact of trade on growth when firms are heterogeneous. We find that greater openness produces anti-and pro-growth effects. The Melitz-model selection effects raises the expected cost of introducing a new variety and this tends to slow the rate of new-variety introduction...
Persistent link: https://www.econbiz.de/10005666701
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European and American Regionalism: Effects on and Options for Asia
Anderson, Kym; Snape, Richard H - C.E.P.R. Discussion Papers - 1994
This paper addresses several questions of concern to economies excluded from the world's two major trading blocs <196 …-reducing for economies not included? Many would answer `yes', and some cite the increasing regionalization of world trade to … support that view. We suggest that this conclusion is probably unwarranted. It is true that the share of world trade that is …
Persistent link: https://www.econbiz.de/10005667022
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Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evidence and Policy Implications for Europe
Kalemli-Ozcan, Sebnem; Sørensen, Bent E; Yosha, Oved - C.E.P.R. Discussion Papers - 2004
the world economy in the 1990s. We expect to see a further rise in risk sharing between EU countries, accompanied by more …
Persistent link: https://www.econbiz.de/10005124025
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Financial Globalization, Growth and Volatility in Developing Countries
Kose, Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2004
This Paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal relationship between financial integration and economic growth....
Persistent link: https://www.econbiz.de/10005136571
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Offshoring, Relocation and the Speed of Convergence in the Enlarged European Union
Alho, Kari; Kaitila, Ville; Widgrén, Mika - C.E.P.R. Discussion Papers - 2008
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for the whole of the EU. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...
Persistent link: https://www.econbiz.de/10005136618
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Bubbles and Capital Flows
Ventura, Jaume - C.E.P.R. Discussion Papers - 2002
bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles … of some real world phenomenae that have been difficult to model before, such as the recurrence and depth of financial …
Persistent link: https://www.econbiz.de/10005497749
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What Segments Equity Markets?
Bekaert, Geert; Harvey, Campbell; Lundblad, Christian T; … - C.E.P.R. Discussion Papers - 2010
We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of …
Persistent link: https://www.econbiz.de/10008784702