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 … different specialization patterns. This raises the question of the distribution of gains and losses from external trade shocks …

output growth, whereas fiscal policy may be effective in supporting macroeconomic adjustment …

failures. We examine whether policy attempts to reduce regional disparities necessarily involve a trade-off between equity and … provide a conceptual framework to help analyze whether such disparities are efficient, or instead reflect market and/or policy …

of trade and technology. As in the United States, rural regions within European countries saw more pronounced declines … (or smaller increases) in participation than urban regions. Unlike in the United States, however, trade and technology …