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This paper provides a summary measure of the possible new commitments in the area of market access undertaken by the European Union and the United States, using the Trade Restrictiveness Index (TRI) as the tariff aggregator. Indicators such as the TRI, based on welfare theory, integrate economic...
Persistent link: https://www.econbiz.de/10004991731
-exit system. The re-regulation’s spot market effects remain to be examined. <p> We use cointegration analysis and a state space …
Persistent link: https://www.econbiz.de/10010991534
-wise cointegration and (ii) evaluating the PPP puzzle. Our contribution is threefold: we show that aggregating foreign data and applying …
Persistent link: https://www.econbiz.de/10010686870
This paper provides a new, uni¯ed, and °exible framework to measure and characterize convergence in prices. We formally de¯ne this notion and propose a model to represent a wide range of transition paths that converge to a common steady-state. Our framework enables the econometric measurement...
Persistent link: https://www.econbiz.de/10009142364
France and Italy pairs no price convergence has been detected when the cointegration analysis is employed and when using the …This paper examines empirically the electricity market integration process for Germany, France and Italy countries by … investigating possible price convergence. Two empirical approaches have been considered to investigate this issue : cointegration …
Persistent link: https://www.econbiz.de/10010891050
Persistent link: https://www.econbiz.de/10005037371
The objectives of this paper are (i) to assess the actual economic implications of the new European banana policy on prices, consumption and trade in Germany within a theoretical and quantitative analysis; (ii) to elaborate the welfare implications of the European banana market policy on the...
Persistent link: https://www.econbiz.de/10008596456
between the intervention and the US price, is then introduced in a cointegration model and its relation with the EU price is …
Persistent link: https://www.econbiz.de/10005483635
particular, by performing a cointegration analysis, it aims at analyzing if and to which extent the prices in the two countries …
Persistent link: https://www.econbiz.de/10004990578
in Italy. A general equilibrium model has been calibrated on a social accounting matrix of the Italian economy, adapted …
Persistent link: https://www.econbiz.de/10008563868