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Lejour, Arjan; Rojas-Romagosa, Hugo; Rodriguez, Victor; … - 2009

This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts from the heterogeneous firms literature suggests that firms face market entry costs for each new product they export and to each new export market. Transport costs, border costs...

Persistent link: https://www.econbiz.de/10009640174

Is China climbing up the quality ladder?

Pula, Gabor; Santabárbara, Daniel - 2011

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...

Persistent link: https://www.econbiz.de/10009640686

What lies beneath the euro's effect on financial integration?

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

-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

Trade advantages and specialisation dynamics in acceding countries

Zaghini, Andrea - 2003

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...

Persistent link: https://www.econbiz.de/10009635952

The impact of monetary union on trade prices

Anderton, Robert; Baldwin, Richard E.; Taglioni, Daria - 2003

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

Persistent link: https://www.econbiz.de/10009635969

Trade with central and eastern Europe

Polgár, Éva Katalin; Wörz, Julia - 2010

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...

Persistent link: https://www.econbiz.de/10009640296

Financial regulation, financial globalization and the synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

We identify the effect of financial integration on international business cycle synchronization, by utilizing a confidential database on banks’ bilateral exposure and employing a country-pair panel instrumental variables approach. Countries that become more integrated over time have less...

Persistent link: https://www.econbiz.de/10009640319

Sectorial border effects in the European Single Market

Cafiso, Gianluca - 2009

The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...

Persistent link: https://www.econbiz.de/10009640463

Sustainability of the Estonian macroeconomic performance in the light of the EU membership

Olenko, Katrin - 2004

Estonia with the EU-15 and the former accession countries. It gives an overview of the nominal convergence according to the … rules laid down by EC Treaty on EMU convergence criteria. In the context of real convergence the set of criteria provided by …

Persistent link: https://www.econbiz.de/10009636773

Convergence of real GDP per capita in the EU15: How do the accession countries fit in?

Kaitila, Ville - 2004

. Convergence occurred in two spells, in 1960u009673 and 1986u00962001, with an interim period of stagnation. In this paper, we … analyse both s and b convergence and discuss the impact of EU membership, trade and investment. We also analyse how seven … growth in the accession countries. Still, the experience of the EU15 countries shows that convergence cannot be taken for …

Persistent link: https://www.econbiz.de/10009636868