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countries between 1990 and 1999. It is shown that intraindustry trade actually causes the convergence of business cycles, while … there is no direct relation between business cycles and bilateral trade intensity. As far as intraindustry trade is … positively correlated with trade, the OCA endogeneity hypothesis is confirmed, although the argumentation follows Krugman (1993 …
Persistent link: https://www.econbiz.de/10010313398
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …
Persistent link: https://www.econbiz.de/10010260439
itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … strong evidence of a gradual increase in trade intensity between European countries. Once we control for this trend in trade …
Persistent link: https://www.econbiz.de/10010261162
Study is focused on mutual relations between FDI and foreign trade in economies going through systemic transformation … institutional arrangements for liberalization of FDI and trade; (3) what type of impact had FDI flows on foreign trade: was it … foreign trade is replaced by an assumption that production factors are transferable and thus stimulating trade and in …
Persistent link: https://www.econbiz.de/10010262876
We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach … framework in explaining German trade and FDI activity. Looking carefully at cross-variable linkages we basically find … substitutive links between trade flows and outward FDI in line with earlier empirical evidence for Germany. Building upon German …
Persistent link: https://www.econbiz.de/10010264751
affect labour markets in the EU, namely i) trade, ii) foreign direct investment, and iii) migration. A main conclusion of the … study is that trade and capital movements are very unlikely to lead to an equalisation of factor prices. Thus, strong …
Persistent link: https://www.econbiz.de/10010271831
A Transatlantic Free Trade Area (TAFTA) has been proposed in the mid-1990s to revitalize the economic and political … trade area for its members with respect to trade in goods and services and investment flows. It then looks at potential …
Persistent link: https://www.econbiz.de/10010273144
itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … strong evidence of a gradual increase in trade intensity between European countries. Once we control for this trend in trade …
Persistent link: https://www.econbiz.de/10010296364
's supranationality is unthinkable elsewhere. This paper discusses how Europe overcame the specific problem of overlapping free trade …
Persistent link: https://www.econbiz.de/10010397207
The idea of a Deep and Comprehensive Free Trade Agreement goes beyond the traditional concept of trade liberalization … and, apart from the elimination of tariffs in trade of goods, it also includes the reduction/ removal of non …-tariff barriers, the liberalization of the investment regime, the liberalization of trade in services, and the far …
Persistent link: https://www.econbiz.de/10011430891