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endogenous growth through selection and imitation is developed. It is consistent with recent evidence on firm dynamics and on the … importance of reallocation for productivity growth. In the model, growth is driven by selection among heterogeneous incumbent … continuing firms raises growth by promoting selection. Also charging them to exiting firms is akin to an exit tax, hampers …
Persistent link: https://www.econbiz.de/10013316706
This paper examines the transformations that occurred in Moldova'sforeign trade on international markets, with focus on agricultural and food commodities. The research includes the analysis of Moldova's foreign trade activity with agricultural and food commodities, the changes that occurred in...
Persistent link: https://www.econbiz.de/10013185331
Theoretical literature states that intra-industry trade (IIT) should be divided into horizontal and vertical flows (or trade in products with homogeneous and heterogeneous quality) that are influenced by different factors. Yet, the economists are still not sure about the proportion between...
Persistent link: https://www.econbiz.de/10012061519
Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...
Persistent link: https://www.econbiz.de/10012257969
The rapid increase in intra-industry trade (IIT) between the EU15 and Central, Eastern and South-Eastern European (CESEE) countries after the collapse of the Soviet Union indicates a structural change in the nature of trade in CESEE and a new process of transition and real convergence to the EU....
Persistent link: https://www.econbiz.de/10013049577
This paper presents a discussion of the potential channels through which international trade affects the position of low skilled workers in the European Union. After an analysis of the European Union's trade flows showing the predominant role of intra-industry trade with other industrialised...
Persistent link: https://www.econbiz.de/10010211079
The purpose of this paper is to examine the features and determinants of Chinese intra-industry trade during the 1992-2010 transition periods for China's primary trade partners. We disentangle total intra-industry trade into vertical intra-industry trade and horizontal intra-industry trade,...
Persistent link: https://www.econbiz.de/10012947259
Territorial cooperation, taken as collaboration "beyond national boundaries", among administrative bodies and/or political actors, generally offers the ground for functional cooperation towards problem-solving and challenge-tackling, along with the exploitation of the local and regional...
Persistent link: https://www.econbiz.de/10011517885
At the core of the formation of the European Union (EU) in 1993 was the economic goal to create a European Common Market to ensure freer trade and perhaps to create an egalitarian Europe. The post-1993 period saw the biggest enlargement of the EU to date from a meagre 3 member countries...
Persistent link: https://www.econbiz.de/10012485951
In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling trading costs. This paper discusses the mechanisms linking these processes: profit-seeking behavior by merchants, changes in the organization of production, technological...
Persistent link: https://www.econbiz.de/10014138697