Showing 1 - 10 of 10
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...
Persistent link: https://www.econbiz.de/10014077010
Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …
Persistent link: https://www.econbiz.de/10011615862
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
critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …
Persistent link: https://www.econbiz.de/10012425595
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013266637
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations … indeterminate pattern of trade. …
Persistent link: https://www.econbiz.de/10013353416
Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable … pattern of trade between varieties and output per variety, which is indeterminate in a standard single good Dixit …
Persistent link: https://www.econbiz.de/10012657962
specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small … developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it … is skilled-labor scarce. We also address the effects of such trade opening on wage inequality. …
Persistent link: https://www.econbiz.de/10012799706
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …
Persistent link: https://www.econbiz.de/10012141106
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