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FDI liberalization as a source of comparative advantage in China
Claro, Sebastián (contributor) - 2008
Three features of China's trade patterns suggest that elements beyond factor abundance explain its export performance. The high penetration in world markets of labourintensive products has been accompanied by: (i) a high share in exports of productivityadvanced foreign-owned enterprises (FIEs),...
Persistent link: https://www.econbiz.de/10003793555
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The Trade Impact of China on EMU : is it Even Across Members?
Mikkelsen, Uffe - 2012
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10013098585
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Trade Patterns Among Industrial Countries : Their Relationship to Technology Differences and Capital Mobility
Saito, Mika - 2015
This paper compares two alternative measures of technology differences across industrial countries during 1970-92: one measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the Hicksian measure). The distinction between the...
Persistent link: https://www.econbiz.de/10012750623
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Trade and Sectoral Productivity
Fadinger, Harald; Fleiss, Pablo - Volkswirtschaftliche Fakultät, … - 2008
Even though differences in sectoral total factor productivity are at the heart of Ricardian trade theory and many models of growth and development, very little is known about their size and their form. In this paper we try to fill this gap by using a Hybrid-Ricardo-Heckscher-Ohlin trade model...
Persistent link: https://www.econbiz.de/10005789538
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Ricardo vs. “Ricardian” Model
Morales Meoqui, Jorge - Volkswirtschaftliche Fakultät, … - 2010
The so-called Ricardian model of contemporary economic textbooks differs significantly from the famous numerical example included in chapter seven of the Principles. The difference is not merely with respect to the definition of the four numbers, but also in terms of underlying proposition,...
Persistent link: https://www.econbiz.de/10008756325
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How to apply trade theory to the German unification? Making sense of ‘comparative advantage in nothing’
Thomas, Ziesemer - Volkswirtschaftliche Fakultät, … - 1999
We derive several cases of 'comparative advantage in nothing', which can be relevant for East Germany. The simplest case with little relevance is the HO assumption of identical technologies across regions implanted into the Ricardian model. The second is the case with full employment wages...
Persistent link: https://www.econbiz.de/10011168468
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Deconstructing the Gains from Trade: Selection of Industries vs. Reallocation of Workers
Bolatto, Stefano; Sbracia, Massimo - Volkswirtschaftliche Fakultät, … - 2014
In a Ricardian model with CES preferences and general distributions of industry efficiencies, the sources of the welfare gains from trade can be precisely decomposed into a selection and a reallocation effect. The former is the change in average efficiency due to the selection of industries that...
Persistent link: https://www.econbiz.de/10011111480
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Trade in intermediate goods and the division of labor
Soo, Kwok Tong - Volkswirtschaftliche Fakultät, … - 2014
This paper develops a model of international trade based on the division of labor and comparative advantage. Labor is used to produce traded intermediate inputs which are used in the production of traded final goods. Large countries gain relatively more from comparative advantage than from the...
Persistent link: https://www.econbiz.de/10011114408
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Cleaning-Up Bank Balance Sheets : Economic, Legal, and Supervisory Measures for Italy
Garrido, José - 2016
To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets,...
Persistent link: https://www.econbiz.de/10012977833
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Islamic Finance, Consumer Protection, and Financial Stability
Lukonga, Inutu - 2015
Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As … the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to … financial instability. Though Shari'ah principles provide a strong foundation for consumer protection, the principles alone …
Persistent link: https://www.econbiz.de/10013021443