Narrow search
Showing 1 - 10 of 1,858
Cover Image
The Bazaar Effect, Unbundling of Comparative Advantage, and Migration
Kohler, Wilhelm - 2007
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this …
Persistent link: https://www.econbiz.de/10012777491
Cover Image
Trade, Factor Mobility and the Extent of Economic Integration : Theory and Evidence
Mikolajun, Irena - 2015
The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...
Persistent link: https://www.econbiz.de/10013015347
Cover Image
International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity
Belloc, Marianna; Bowles, Samuel - 2021
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10013316323
Cover Image
Learning Capitalism the Hard Way - Evidence from German Reunification
Triebs, Thomas - 2017
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
Persistent link: https://www.econbiz.de/10012964186
Cover Image
Tear Down this Wall : On the Persistence of Borders in Trade
Nitsch, Volker - 2009
Why do borders still matter for economic activity? The reunification of Germany in 1990 provides a unique natural … to trade between East Germany and West Germany were eliminated completely within a very short period of time. The …
Persistent link: https://www.econbiz.de/10013154269
Cover Image
Was Germany ever United? Evidence from Intra- and International Trade 1885-1933
Wolf, Nikolaus - 2013
When did Germany become economically integrated? Within the framework of a gravity model, based on a new data set of … about 40,000 observations on trade flows within and across the borders of Germany over the period 1885 - 1933, I explore the … internal fragmentation resulted from cultural heterogeneity, from administrative borders within Germany, and from geographical …
Persistent link: https://www.econbiz.de/10012753424
Cover Image
Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
Schnabl, Gunther - 2013
spending, Germany is urged to reduce its current account surplus by increasing wages to forestall a new build-up of … theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the …
Persistent link: https://www.econbiz.de/10013094029
Cover Image
The Pathological Export Boom and the Bazaar Effect - How to Solve the German Puzzle
Sinn, Hans-Werner - 2021
Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …
Persistent link: https://www.econbiz.de/10013317598
Cover Image
Hyperbolic Discounting and Positive Optimal Inflation
Graham, Liam - 2013
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10013092871
Cover Image
A Competitive Model of Worker Replacement and Wage Rigidity
Snell, Andy - 2014
We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...
Persistent link: https://www.econbiz.de/10013058504