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of subregional and bilateral trade agreements. This paper analyzes the recent trends and patterns and nature of regional … trade and cooperation agreements (RTCAs) in Asia and associated problems and prospects. It also attempts to understand the … for the emergence of new regional trade in blocs of several subregional groupings …
Persistent link: https://www.econbiz.de/10013317319
view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …
Persistent link: https://www.econbiz.de/10012777642
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information
Persistent link: https://www.econbiz.de/10013160522
prevents the emergence of trade in services, at considerable potential cost to firms operating in the EU. The paper discusses …
Persistent link: https://www.econbiz.de/10013158458
We augment the canonical neoclassical model of trade to allow for interstate disputes over land, oil, water, or other … resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade …, the larger country (in terms of factor endowments) need not to be more powerful. Yet, under free trade, there is a …
Persistent link: https://www.econbiz.de/10013316359
Many European countries restrict immigration from new EU member countries. The rationale is to avoid adverse wage and employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor demand, based on elasticities of substitution between...
Persistent link: https://www.econbiz.de/10013316525
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10013141086
This paper analyzes international antitrust enforcement when multinational firms operate in several markets with antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected by the existence of collusion in other markets when...
Persistent link: https://www.econbiz.de/10012764270
). We evaluate his work and conclude that these three papers changed and improved the way economists think about trade and …
Persistent link: https://www.econbiz.de/10012765195
economic geography model. We first construct a measure of each SSA country's market access based on bilateral trade flows and …
Persistent link: https://www.econbiz.de/10012765690