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economies of scale to sort out the rich interactions between TBT reform, input diversity, firm-level productivity, and aggregate … productivity. We calibrate the model for 14 industries in order to clarify the theoretical ambiguities. Overall, our results tend …
Persistent link: https://www.econbiz.de/10003636442
The aim of this paper is to review the state of art regarding the theoretical foundations of gravity equations applied to trade flows. Micro-foundations of the supply side and of the demand side are presented such as new models where a) general equilibrium constraints are taken into account b)...
Persistent link: https://www.econbiz.de/10013124118
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
development of all living systems.Primarily, harmonious economic development means a balanced distribution of world GDP, which … of harmony. Perhaps the electromagnetic oscillations in the brain that reflect harmony of the surrounding world in an …
Persistent link: https://www.econbiz.de/10012862379
, we suggest that the convergence based on the productivity, can be assisted by a reinforcement of supply-side measures …
Persistent link: https://www.econbiz.de/10011953713
The development of pre-industrial Europe was driven by the expansion of trade. This paper describes the patterns of trade and shows how they can be understood in terms of differences in trading costs. It discusses how the different levels of trade?from local to transoceanic-contributed, both...
Persistent link: https://www.econbiz.de/10014138694
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …
Persistent link: https://www.econbiz.de/10011742945
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
a unique and dominating feature in terms of its range and size in the world economic milieu. Obviously, the cementing … the world) and government expenditure in explaining per capita income convergence in the EU during the period of 1995 … study. Moreover, we are able to show that trade with the world and government expenditure enabled the relatively lower …
Persistent link: https://www.econbiz.de/10012485951
This paper analyses the effect of international borders and of trade agreements at international borders on subnational (i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between 1950 and 2017. Our results show that international...
Persistent link: https://www.econbiz.de/10012533891