Showing 1 - 8 of 8
Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks … advantage and trade, and can magnify the gains from trade liberalization. The analysis shows how insolvency laws, minimum … capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns. …
Persistent link: https://www.econbiz.de/10011957214
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of … interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the … with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …
Persistent link: https://www.econbiz.de/10010264499
recycling firms to compensate for the savings in disposal costs. We study trade between resource poor economies exporting final … goods, and resource rich countries exporting raw materials. We find rich welfare effects of trade policy with non …-trivial interactions between terms of trade effects and distortions in recycling and resource extraction. …
Persistent link: https://www.econbiz.de/10014377527
The paper develops a unified general equilibrium model including savings with overlapping generations, investment and search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
Persistent link: https://www.econbiz.de/10010315021
In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower propensity to export. This renders the home market more...
Persistent link: https://www.econbiz.de/10010291502
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …
Persistent link: https://www.econbiz.de/10010291520
itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … strong evidence of a gradual increase in trade intensity between European countries. Once we control for this trend in trade …
Persistent link: https://www.econbiz.de/10010261162
bilateral trade flows between more than 200 countries over the period from 1960 to 1993. Applying an augmented gravity … actions reduce the volume of trade; a doubling in the number of terrorist incidents is associated with a decrease in bilateral … trade by about 4 percent. …
Persistent link: https://www.econbiz.de/10004963790