Showing 1 - 5 of 5
Where economic activity will locate in the future is one of the most important questions in economics. Even though advances in technology have reduced the cost of transport, communication and information gathering and processing, hence curtailing the ‘distance penalty’, local proximity...
Persistent link: https://www.econbiz.de/10009318910
Globalisation is one of the great economic and political stories of our times. It was supposed to be one of the great new ideas. The current wave of globalisation is just a subset of huge structural changes that are the outcome of the Schumpeterian evolution in technology, and spatial intensity...
Persistent link: https://www.econbiz.de/10009421185
The stumbling-bloc argument asserts that regionalism hinders MFN tariff cutting. If this was of first-order importance over previous decades, we should detect this in the levels of the tariffs. Using tariff line data for 23 large trading nations we find that MFN and PTA tariffs are complements,...
Persistent link: https://www.econbiz.de/10009421164
The Treaty of Nice (2001) strongly protects the interests of the current 15 European Union member countries. The new voting structure in the enlarged European Union preserves the existing members blocking influence over new policies. In addition, there is a cap on the Unions total expenditure....
Persistent link: https://www.econbiz.de/10009364793
This paper explores the growth implications of regional integration. From the theory, it identifies the ‘footprints’ that such growth should leave in the data. It then checks the data on the four poor EU nations for such footprints. Prima facie evidence for Ireland, Portugal and Spain...
Persistent link: https://www.econbiz.de/10010840743