Showing 1 - 10 of 215
This paper examines the impact of market integration in the presence of a labor union. Effects on wages, employment … differentiation, and the nature of competition in the goods market. One surprising result is that union wages and union rents can …
Persistent link: https://www.econbiz.de/10010840849
This study examines the feasibility of economic integration in Latin America. We analyze the existence of the long-term and short-term common movements among key macro variables—real GDP, intra-regional trade, private investment and consumption—in the seven largest economies in Latin...
Persistent link: https://www.econbiz.de/10010991733
The paper explores the argument that trade between the Mercosur countries should be stimulated by preferential policies because of their geographic proximi - ty. That is, that the Mercosur countries are candidates for “natural” integration. The paper finds that, on average, transportation...
Persistent link: https://www.econbiz.de/10010991736
Since the end of the Second World War, economic integration has been regarded as being one of the most important global economic policies. Its relevance has not diminished and most countries, especially those that are developing, consider it to be a long-term strategy. Integration is present in...
Persistent link: https://www.econbiz.de/10010991778
The objective of this paper is to examine the effects of political asymmetries on a FTA and a CU. I have shown that either a higher lobbying sensitivity to the foreign firm or a more susceptibility of politicians to lobbying are sufficient to lead to a higher tariff protection at the individual...
Persistent link: https://www.econbiz.de/10009318895
We evaluate the potential dynamic effects of MERCOSUR on the Argentinean economy. Two approaches, already used with other regional integration agreements, are applied for measuring medium and long-term effects. Special care has been taken in separating intra from extra zone effects. All...
Persistent link: https://www.econbiz.de/10009318898
domestic union’s wage response and economic integration are explicitly taken into account. The employment policies considered … endogenous wages and an open economy, these policies can in some cases become more potent. But in other instances, they become … less effective. In fact, under some conditions derived in this paper, employment policies can even be counterproductive …
Persistent link: https://www.econbiz.de/10009390593
This paper attempts to quantify the extent to which U.S. growth is an “engine” of the world economy. Results based on fixed-effects estimation using panel data suggest a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, in recent...
Persistent link: https://www.econbiz.de/10009391985
We analyze industrial specialization and geographic concentration patterns within the NAFTA area during 1988-2000 and examine the determinant of spatial concentration. NAFTA countries have become increasingly dissimilar over time. A changing spatial structure of total NAFTA manufacturing is also...
Persistent link: https://www.econbiz.de/10009391991
In this paper the Balassa steps of economic integration are first reviewed, and then extended to cover currernt integration configurations. Pre-conditions for each stage of integration are detailed using a backward-looking economic conditionality approach, and then both economic and political...
Persistent link: https://www.econbiz.de/10009392036