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This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10011698346
This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10010395778
This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10011742945
with high-skilled and low-skilled labor. I address wage and welfare effects under flexible wages, and under a minimum wage …
Persistent link: https://www.econbiz.de/10010274459
with high-skilled and low-skilled labor. I address wage and welfare effects under flexible wages, and under a minimum wage …
Persistent link: https://www.econbiz.de/10012777491
resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The …, the expansion of tourism improves welfare. However, when the traded sector is strongly capital intensive, the fall in … capital can be a dominant factor in lowering national welfare. This dynamic immiserizing result of tourism on resident welfare …
Persistent link: https://www.econbiz.de/10010312466
This paper analyses the revealed comparative advantage for six European countries: Austria, France, Germany, Italy, the Netherlands and the UK. The results can be summarized as the follows: Italy always had a trade specialisation index which was well above average. Apart from Italy, whose trade...
Persistent link: https://www.econbiz.de/10003828210
Foreign trade represents an important factor for the economic development of a single country and a basic element in the system of forms through which the openness of the economy is being realized. Taking into account the fact that the Federal Republic of Germany (FRG) is the most important...
Persistent link: https://www.econbiz.de/10012011329
It is customary in the empirical trade literature to analyze specialization patterns of countries using Revealed Comparative Advantage (RCA) measures. This paper explores the pros and cons of the most commonly used RCA index: the Balassa (1965) Index of RCA. After describing the properties of...
Persistent link: https://www.econbiz.de/10014123421
The theoretical literature on endogenous growth and international trade suggests that comparative advantage is endogenous. Sector-specific learning by doing and technology transfer respectively provide reasons why initial patterns of international specialization may persist or exhibit mobility...
Persistent link: https://www.econbiz.de/10014062627