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argued that “fractured land” was responsible for China’s tendency toward political unification and Europe’s protracted … find that topography alone is sufficient, but not necessary, to explain polycentrism in Europe and unification in China …
Persistent link: https://www.econbiz.de/10014093966
complex picture. While Europe has experienced both systematic economic convergence and an increased coordination across …
Persistent link: https://www.econbiz.de/10012958587
This paper examines the forces behind political integration through the lens of school district consolidations, which reduced the number of school districts in the United States from around 130,000 in 1930 to under 15,000 at present. Despite this large observed decline, many districts resisted...
Persistent link: https://www.econbiz.de/10012761733
in pro-European sentiments in the EU 15 countries. The 1992 Maastricht Treaty seems to have reduced the pro-Europe … the common currency. Europe seems trapped: there is no desire to go backward, no interest in going forward, but it is …
Persistent link: https://www.econbiz.de/10013023682
We model an international union as a group of countries deciding together the provision of certain public goods and policies because of spillovers. The countries are heterogeneous either in preferences and/or in economic fundamentals. The trade off between the benefits of coordination and the...
Persistent link: https://www.econbiz.de/10013216099
This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...
Persistent link: https://www.econbiz.de/10013240303
We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an over-spending externality. While the social cost of spending is the return to...
Persistent link: https://www.econbiz.de/10014093602
Using large firm-level and industry-level data sets from eighteen countries, we find that foreign direct investment (FDI) and trade have positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from...
Persistent link: https://www.econbiz.de/10013015978
regions. Even in a free trade regime the removal of the restrictions on labor movements would benefit Europe as a whole by … increasing the GNP of Eastern and Western Europe. Interestingly, we also find that the resulting skilled migration (the so … benefit the workers remaining in Eastern Europe as well …
Persistent link: https://www.econbiz.de/10012775557
majority of those who have arrived in the UK from Eastern Europe have not come permanently. When surveyed only 9% said they … the flow of workers from Eastern Europe, the fear of unemployment has risen in the UK which appears to have contained wage … pressures. We argue that the influx of workers from Eastern Europe has tended to increase supply by more than it has increased …
Persistent link: https://www.econbiz.de/10012775790