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There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...
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With the “Agreement of Geneva” the dispute about the banana imports over 15 years seems to come to an end. The liberalisation caused by this agreement will have a substantial impact on the international banana market. In order to estimate the possible effects and measures to be implemented...
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the export value, but formal import tariffs and duties are relatively unimportant. The results by the Observatory of … European SMEs survey, which has firm-level data for the whole European Union confirm this result. Lack of knowledge on export … from the heterogeneous firms literature suggests that firms face market entry costs for each new product they export and to …
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The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural...
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