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Whether urbanization economies are caused by urban diversity or urban scale is not clear in regional and urban economics literature. Many empirical studies have used either city population size or urban industrial diversity to measure urbanization economies and have reached different...
Persistent link: https://www.econbiz.de/10005789496
This paper aims to establish particularities for the relationship between exchange rate volatility and the … contradicted by practical cases. This analysis starts from well-known cases in this domain from around the world. Volatility of … exchange rate on international trade is debated on Romania’s example using econometric methods. The volatility of exchange rate …
Persistent link: https://www.econbiz.de/10008833274
The Industrial Revolution happened in Britain because by the 19-th century the eternal problem faced by humankind, i.e. the problem of hunger, had been resolved on a local scale. Thanks to a unique combination of factors, Britain just overtook the other West European countries (for a short...
Persistent link: https://www.econbiz.de/10011258586
The Industrial Revolution happened in Britain because by the 19-th century the eternal problem faced by humankind, i.e. the problem of hunger, had been resolved on a local scale. Thanks to a unique combination of factors, Britain just overtook the other West European countries (for a short...
Persistent link: https://www.econbiz.de/10011258848
Mercury has been one of the most persistent cases in contemporary history of international market regulations and this in spite of its having been affected by important technological changes and the regular discovery of new deposits. This paper offers an approach to the least known period,...
Persistent link: https://www.econbiz.de/10011259118
This paper postulates that a country’s integration into the world economy may lower citizens’ political trust. I argue that economic globalization constrains government’s choice set of feasible policies, impeding responsiveness to the median voter. Matching individual-level survey data...
Persistent link: https://www.econbiz.de/10011259376
In the last couple of decades, production processes have been characterized by their fragmentation, which crosses the borders of countries more and more. This coincides with the common viewpoint that products and services are now made in global value chains and that ‘trade in value added’...
Persistent link: https://www.econbiz.de/10011259496
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
While currency crises have been extensively studied, the opposite phenomenon, large appreciations, has been far less researched. We fill this gap by providing an empirical exploration of historical episodes of large real exchange rate appreciations, using a sample of 28 advanced and 25 emerging...
Persistent link: https://www.econbiz.de/10011259803
This paper presents a simple stochastic model of proportionate growth to describe international trade and it applies this set-up to the relationship between export dynamics and economic development. Trade flows are assumed to grow as a geometric Brownian motion while new trade links follow a...
Persistent link: https://www.econbiz.de/10011260059