This paper presents an analysis of the growth and structure of EU-CEE intra-industry trade since the latter commenced their economic transition in the late 1980's. Section 2 outlines the economic rationale for intra-industry trade and its classification into horizontal and vertical two-way...

This paper studies the impact of economic and monetary union on the cohesion process, and specifically on the four cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote cohesion. Monetary union has more ambiguous effects. The...

This paper is estimating the correlation between tariffs and growth in the late 19th century in the context of three types of growth equation : unconditional convergence equations; conditional convergence equations, associated with Mankiw, Romer and Weil (1992); and factor accumulation models of...

A simple look at nominal or effective tariff rates is not sufficient to analyse the trade policy. One has to consider the overall effects of protection, and by definition this requires a general equilibrium approach. The present paper aims to fill this gap in the literature. It makes use of a...

Typically, a small and open economy trades goods at given worl prices. Here, we present a model of a very open small economy, where capital and labor are internationally mobile, too. When targeting mobile capital ("FDI"), the economy's government attracts not only mobile capital but mobile...

Computable general equilibrium (CGE)models require both theory and data. The theory underlying our model is standard general equilibrium theory, and details will be provided elsewhere. The sole purpose of this paper is to present in detail the data used to calibrate this model. We have...

In this paper we examine optimal strategic trade p[olicy under oligopoly with many home and foreign firms when the firms have different levels of efficiency and where a trade-off exists between the subsidy bill and firms profits. The first-best policy involves a structure of firm specific export...

I consider the implications of recent research for R&D policy in developing countries. Typical new growth models, which assume free entry and no strategic behaviour by R&D producers, are less appropriate for policy guidance than strategic oligopoly models. But the latter have ambiguous...

This paper studies the effect on Anglo-Irish trade breaking the link between the Irish pound and sterling in 1979. A gravity model is used to explore this issue. No evidence is found of a structural break following the dismantling of the currency union. Nor did the resultant exchange rate...