This paper presents a theoretical growth model that extends the Mankiw-Romer-Weil [MRW] model by accounting for technological interdependence among regional economies. Interdependence is assumed to work through spatial externalities caused by disembodied knowledge diffusion. The transition from...

RESUMEN: En este artículo se estudia la convergencia regional desde un punto de vista sectorial, centrada en el sector agrario. En el desarrollo del mismo se hace eco de la relevancia del sector agrario para una explicación histórica de las desigualdades territoriales en la Unión Europea y...

The tradition of gravity models is in the analysis of trade flows with market size and geographic or economic distance as core variables. Both these variables can be important determinants of FDI, too. However, when such models are used to explain FDI, there can be differences in the mode of...

Recently gravity trade models are applied to disaggregated trade data. Here manyzeros are characteristic. In the presence of excess zeros usual Poisson Pseudo MaximumLikelihood (PPML) is still consistent, the variance covariance matrix howeveris invalid. Correct economic interpretation however...

The recent proliferation of regional trade agreements (RTAs) has intensified the debate on their merits. A growing literature has addressed this policy debate, focusing on the welfare and trade effects of RTAs and their likely impacts on the multilateral trading system. Some view them as...

In this dissertation I examine a set of crucial topics in the political economy of international trade, with an emphasis on firm-level heterogeneity. The first chapter is an empirical study of the new trade theories in which firm heterogeneity and trade costs play central roles in shaping the...

International private equity development is highly volatile with increasing global diversification. This thesis examines the transaction patterns of cross-border private equity investment with a particular focus on the affinity of country pairs. Analysis is based on a comprehensive dataset of 99...

Recently gravity trade models are applied to disaggregated trade data. Here many zeros arecharacteristic. In the presence of excess zeros usual Poisson Pseudo Maximum Likelihood(PPML) is still consistent, the variance covariance matrix however is invalid. Correcteconomic interpretation however...

In this study the case of olive oil imports of Germany is examined since olive oil is a traditional Mediterranean commodity and Germany is the biggest importer in the EU. A gravity model has been employed so as to analyse those factors that explain the German imports of olive oil that were...

Given that in Brazil there is a significant asymmetry in production and trade among states, this study had as objective to measure the border effect to the intranational and international trade, using it as an indicator of the degree of integration. Such effect measures the bias to the internal...