Summary In this paper we set up a simple theoretical framework to study the possible source country effects of skilled labor emigration from developing countries. We show that for given technologies, labor market integration necessarily lowers GDP per capita in a poor source country of...

When, about twenty years ago, the Euro was created, one objective was to facilitate intra-European trade by reducing transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling, we conduct an ex post evaluation of the European...