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characteristics of each unit. We implement panel data econometric techniques to characterize bilateral trade flows between … results provide clear evidence in favor of the traditional trade theory based on comparative advantage which suggests a …
Persistent link: https://www.econbiz.de/10013316977
unit. Weimplement panel data econometric techniques to characterize bilateral trade flows betweenheterogeneous economies... …
Persistent link: https://www.econbiz.de/10005862719
The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade … Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … effects on trade flows by treating the agreement variable as endogenous. Our theoretical framework is the gravity model, and …
Persistent link: https://www.econbiz.de/10013324887
Due to ageing population and low birth rates, the European Union (EU) will need to import foreign labour in the next decades. In this context, the EU neighbouring countries (ENC) are the main countries of origin and transit of legal and illegal migration towards Europe. Their economic, cultural...
Persistent link: https://www.econbiz.de/10013073508
) study the endogeneity of a currency union through the lens of international trade flows. Our study extends Frankel and Rose …
Persistent link: https://www.econbiz.de/10013324931
-run, general-equilibrium neoclassical trade theory. As in other studies, we find that the export shock was localized both in terms …
Persistent link: https://www.econbiz.de/10012838506
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10012989829
€“ innovation and trade – are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent … concentration and dominance, and the multilateral trade system had been buckling under pressure from a return to mercantilist ideas … industrial revolution (4IR) to a premature end. Hence the post-COVID-19 world may be left with trade as the only engine for …
Persistent link: https://www.econbiz.de/10013315031
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10012750944
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10012914328