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Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10003355651
context of globalization a term typically used to describe the phenomenon of growing international trade and financial … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration … volatility and trade integration is significantly positive. We find a similar, although less significant, result for the …
Persistent link: https://www.econbiz.de/10003464194
This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern … covered by this study (2005-2017), export expansion stimulated growth, more openness to trade reduced it, and that the … instruments for achieving its central objective. These results lead to three conclusions. Firstly, trade through export expansion …
Persistent link: https://www.econbiz.de/10012290621
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10010488272
This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements … macroeconomics, the empirical evidence has remained relatively scarce so far, in particular for the Euro area where trade and … from 2002-2012, to test the so-called trade-finance nexus. Since theoretical models stress that both flows might be …
Persistent link: https://www.econbiz.de/10012099470
of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK …
Persistent link: https://www.econbiz.de/10015048791
This paper examines the impact of education, trade, governance and distance on technology diffusion and TFP in Latin …-2007). Findings are: i) TFP rises with education, trade, governance (ETG) and trade's R&D content, and falls with distance to the … (closest) North; ii) the East Asia - SAM education gap's impact equals that of trade plus governance; iii) an increase in SAM …
Persistent link: https://www.econbiz.de/10011672619
This paper examines the impact of education, governance and North-South trade- and distance-related technology … preceding the Great Recession (1976–2007) in a new model that integrates models of trade-related and distance …-related international technology diffusion. Our model's explanatory power is 38% (62%) greater than that of the main trade-related (distance …
Persistent link: https://www.econbiz.de/10011734518
China's government is promoting the shift towards a consumption-based economy since a few years. The explicit goal to … paper, we raise the hypothesis that soaring wages negatively affect FDI inflows to China and alter the distribution of FDI … the distribution of FDI within China. In addition, we show that the changes in China's economic strategy improve the …
Persistent link: https://www.econbiz.de/10011517943
China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular … non-communicable diseases over the period 2010-2030 are $16 trillion for China (measured in real USD with the base year …-effectiveness analysis by identifying some intervention strategies to reduce disease prevalence in China that are cost beneficial and …
Persistent link: https://www.econbiz.de/10011704338