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Franke, Richard - 2017

Redding and Sturm (2008) use the German division as a natural experiment to study the importance of market access for regional development. They show empirically that cities close to the East-West German border experienced a significant decline in population growth due to division. I argue that...

Persistent link: https://www.econbiz.de/10011595794

Endogenous market structure and the gains from foreign direct investment

De Santis, Roberto A.; Stähler, Frank - 1999

is welfare improving for the foreign country, but welfare declining for the domestic country. If only multinational firms … are competitive, the impact on market structure and the welfare of the domestic country is indeterminate, whereas the … welfare of the foreign country improves. By contrast, if the oligopolistic industry is located in both countries, then FDI …

Persistent link: https://www.econbiz.de/10010275263

Trade, education, and the shrinking middle class

Blanchard, Emily; Willmann, Gerald - 2013

We develop a new model of trade in which educational institutions drive comparative advantage and determine the distribution of human capital within and across countries. Our framework exploits a multiplicity of sectors and the continuous support of human capital choices to demonstrate that...

Persistent link: https://www.econbiz.de/10010292731

The price-price Phillips curve in small open economies and monetary unions: Theory and empirics

Vaona, Andrea - 2014

This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price-price Phillips curve, from a closed economy context to an open economy one with both commodity trade and capital mobility. We also consider the case of a monetary union (a...

Persistent link: https://www.econbiz.de/10010332011

Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach

Schweickert, Rainer - 2001

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the...

Persistent link: https://www.econbiz.de/10010332956

Revisiting the euro's trade cost and welfare effects

Felbermayr, Gabriel; Steininger, Marina - 2019

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...

Persistent link: https://www.econbiz.de/10011985222

Persistent zeros: The extensive margin of trade

Hinz, Julian; Stammann, Amrei; Wanner, Joschka - 2019

The extensive margin of bilateral trade exhibits a high level of persistence that cannot be explained by geography or trade policy. We combine a heterogeneous firms model of international trade with bounded productivity with features from the firm dynamics literature to derive expressions for an...

Persistent link: https://www.econbiz.de/10012100530

Trade among the Post-Soviet states: evolution and policy issues

Langhammer, Rolf J.; Lücke, Matthias - 1995

This paper analyses the causes of the precipitous fall in trade among the twelve CIS countries since 1990; points out the implications for industrial restructuring; and discusses the policy options for regional reintegration. The main finding is that the decline in intra-C!S trade was initiated by...

Persistent link: https://www.econbiz.de/10010261742

Resource-based reluctance, reversed asymmetry, and non-trade integration incentives: theory and evidence from European neighbourhood

Franke, Anja; Gawrich, Andrea; Melnykovska, Inna; … - 2009

Among ENP countries, Azerbaijan is outstanding because it leans on its resource base and sees the EU at the receiving end of bilateral relations. At the other extreme, Ukraine depends on EU cooperation, especially with respect to trade. We develop a comprehensive theoretical concept for...

Persistent link: https://www.econbiz.de/10010265255

Intra-industry adjustment to import competition: theory and application to the German clothing industry

Raff, Horst; Wagner, Joachim - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10010265261