Labor market integration raises welfare in the absence of distortions. This paper examines labor and goods market integration in a general equilibrium model with social capital. The findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if the goods produced...

The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...

A dynamic general equilibrium model that generalises Roemer's [23] economy with a global capital market is analysed. An axiomatic analysis of the concept of unequal exchange (UE) between countries is developed at general dynamic equilibria. The class of UE definitions that satisfy three...

It is common to observe that demand elasticities in trade equations for imports are implausibly large, and that they differ between countries. Both of these present us with problems, as they imply trade will rise without bound as a proportion of GDP. The research reported here looks for...

The study on Muslim traders in the Philippines was done to determine the profile of the Muslim trade enterprises and the effect of globalization on the Muslim traders as perceived by them. The design of the study was a qualitative-descriptive type of research with a sample of 150 respondents...

In dieser Untersuchung werden Indikatoren wie Offenheit, die Intensität des Intra-industriellen Handels, Feldstein-Horioka-Koeffizienten, grenzüberschreitende Flüsse von Lizenzzahlungen und Anteile der Produktion der Unternehmen eines Landes im Ausland herangezogen, um die Integration Japans...

The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially with respect to manufacturing trade, have gone further and that this is likely...

We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR) methodology of D¶ees, DiMauro, Pesaran, and Smith (2005) to...

Die Studie geht auf drei akademische Literaturzweige ein, die jeweils darstellen, dass Industrieländer bei Freihandel durch den Wettbewerb der Schwellenländer Wohlfahrtsverluste erleiden können. Es handelt sich dabei erstens um die Kombination eines Heckscher/Ohlin-Modells mit einem starren...