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The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, product market regulations raise...
Persistent link: https://www.econbiz.de/10009639850
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10009640450
internal market policies for goods and services trade and foreign direct investment. These policies can deal with reducing …This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts … markets and regulations in other countries are important trade barriers for European firms. From these outcomes it could be …
Persistent link: https://www.econbiz.de/10009640174
-regulatory convergence has also contributed to the spur of cross-border financial transactions. Trade in goods, while highly correlated with …
Persistent link: https://www.econbiz.de/10009640324
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...
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