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International Trade Integration : A Disaggregated Approach

Chen, Natalie - 2013

This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...

Persistent link: https://www.econbiz.de/10012753160

Goods and Factor Market Integration : A Quantitative Assessment of the EU Enlargement

Caliendo, Lorenzo - 2017

The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...

Persistent link: https://www.econbiz.de/10012948334

Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2021

Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....

Persistent link: https://www.econbiz.de/10013315671

The Political Economy of Regional Integration Projects at Borders Where Rich and Poor Meet : The Role of Cross-Border Shopping and Community Sorting

Dascher, Kristof; Haupt, Alexander - 2021

At borders where rich and poor countries meet, services prices differ hugely. In principle, price differentials could be exploited to mutual benefit, offering improved job opportunities to the poor as well as better shopping opportunities to the rich. However, cross-border shopping is often...

Persistent link: https://www.econbiz.de/10013316543

Trade, Conflicts, and Political Integration : The Regional Interplays

Vicard, Vincent - 2021

This paper investigates the determinants of the different forms taken by regional integration in different parts of the world. This raises the issue of the relationship between economic and political integration. The theoretical model shows that, in an insecure world, the interplays between...

Persistent link: https://www.econbiz.de/10013317345

Understanding the Latest Wave and Future Shape of Regional Trade and Cooperation Agreements in Asia

Bhattacharyay, Biswa N. - 2021

Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high … growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the … region's economies more integrated regionally and internationally. Following the recent global trend, Asia witnessed a wave …

Persistent link: https://www.econbiz.de/10013317319

Financial Integration, Globalization, and Real Activity

De Nicolo, Gianni - 2013

Using data for a large number of advanced and emerging market economies during 1982-2009, this paper examines the distinct impact of financial integration and globalization on several dimensions of real activity. We find that: financial integration has progressed significantly worldwide,...

Persistent link: https://www.econbiz.de/10013091562

Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?

Haufler, Andreas - 2016

We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...

Persistent link: https://www.econbiz.de/10012978391

International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through

Enders, Almira - 2018

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10012933708

Free Trade Agreements and the Consolidation of Democracy

Liu, Xuepeng - 2013

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

Persistent link: https://www.econbiz.de/10013086606