Integration into the global trading environment is viewed as a key factor underlying the success of the fastest growing economies. Yet many African countries remain isolated and appear to have failed to achieve the level integration of these fast growing economies. This paper presents a...

Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies. We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large...

Using retail price survey data, I investigate whether international goods' market segmentation implied by dispersion in goods' prices is consistent with market segmentation implied by observed trade flows. A Ricardian trade model, with heterogeneous and asymmetric bilateral trade costs, accounts...

Pricing-to-market (PTM), the practice of differentiating the price of a good across markets, is commonly attributed to differential distribution and border costs. In this paper we show that some of this price differentiation is sustained by manufacturers selling different versions of an...

Observed trade flows provide one metric to gauge the degree of international goods market segmentation. Deviations from the law of one price provide another. New survey data on retail prices for a broad cross section of goods across 13 EU countries, compiled by Crucini, Telmer and Zachariadis...

This paper connects trade flows to deviations from the law of one price (LOOP) in a structural model of trade and retailing. It accounts for the observed cross-country dispersion in prices of goods, based on retail price survey data, by focusing on two sources of goods market segmentation —...

Observed trade flows provide one metric to gauge the degree of international goods market segmentation. Deviations from the law of one price provide another. New survey data on retail prices for a broad cross section of goods across 13 EU countries, compiled by Crucini, Telmer and Zachariadis...

Európa nyugatabbra fekvő térségeiből nézve az orosz gazdasági helyzet a makrogazdasági mutatók alapján 2012-ben egyenesen irigylésre méltónak tűnik. Dilemmák, kérdőjelek és problémák azonban bőven adódnak. Az újonnan felmerülő kérdések egy jelentős része szorosan...

The approach is justified by the fact that the period 2009-2012 was characterized by an economic crisis that Romania has experienced to the fullest, and because it is important to identify the sectoral behavior of Romanian companies in the foreign markets in this period. The dimension of...

This paper identifies the main factors that influence the Romanian exports and estimates and forecasts the exporting potential (structural component of the exports) of our economy. I applied the standard OLS regression and the Hodrick-Prescott methodology on quarterly data of Eurostat and Bank...