Showing 1 - 9 of 9
This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a … theoretical model for explaining how the euro could have increased trade by the large amounts found in the empirical literature … monopolistic competition set-up, the effect of exchange rate uncertainty on trade has nonlinear features, suggesting that EMU and a …
Persistent link: https://www.econbiz.de/10011604492
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of … boosted intra-euro area trade by five to ten percent. The paper discusses a gamut of models that might explain the Rose effect …
Persistent link: https://www.econbiz.de/10011604640
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10011605220
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10013145143
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...
Persistent link: https://www.econbiz.de/10013145150
the single market intensified bilateral trade across euro area countries and contributed to higher business cycle symmetry …. The introduction of the single currency led to an intensification of intra-industry trade which has become the main …
Persistent link: https://www.econbiz.de/10011604633
This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …
Persistent link: https://www.econbiz.de/10011604987
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10011605162
-regulatory convergence has also contributed to the spur of cross-border financial transactions. Trade in goods, while highly correlated with …
Persistent link: https://www.econbiz.de/10011605262