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one or more aspects of international trade and factor movements, including trade in goods, trade in value added …, international movement of labor and capital, and trade in risk. All chapters aim to contribute to our understanding of the economic … of the pattern of trade, factor flows, and production, as well as the role of barriers to the international exchange of …
Persistent link: https://www.econbiz.de/10011736433
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10003355651
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern. Some models imply a catastrophic agglomeration process with hysteresis, so that concentration in one region is not...
Persistent link: https://www.econbiz.de/10012716025
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10013317473
simple, analytically solvable "new economic geography" model with two trade integrating regions. The location pattern … emerging as market equilibrium is "bubble-shaped", i.e. it features dispersion of firms both at high and low trade costs and … trade costs. Our central finding is that the market equilibrium is characterised by over-agglomeration for high trade costs …
Persistent link: https://www.econbiz.de/10013319019
The goal of the present paper is two-fold. First, I explore the impact of different trade patterns on industrial … industrial specialisation as a result of intra- or inter-industry trade. Furthermore, I justify the predictions of different … theoretical trade models on the basis of my results . Second, I analyse the degree of risk-sharing between and within the regions …
Persistent link: https://www.econbiz.de/10003865736
In diesem Beitrag folgen wir der aktuellen Diskussion über die Aussagekraft der Maastricht-Kriterien für die Auswahl von Ländern zur Teilnahme an der EWU. Es wird gezeigt, daß diese Kriterien weder die Theorie optimaler Währungsgebiete ausreichend reflektieren noch der...
Persistent link: https://www.econbiz.de/10010508238
This paper shows that bank linkages have a positive effect on international trade. A global banking network (GBN) is … trade from IMF DOTS are used as the subject of the analysis and data on bilateral bank lending from BIS locational data are … used to control for financial integration and financial flows. Using a gravity approach to modeling trade with country …
Persistent link: https://www.econbiz.de/10013071718
By utilizing the extreme dependence structure and the conditional probability of joint failure (CPJF) among risk factors, this paper characterizes a risk-stability index (RSI) that quantifies (i) common distress of risk factors, (ii) distress between specific risk factors, and (iii) distress to...
Persistent link: https://www.econbiz.de/10013150335
This paper treats capital flows as risky growth opportunities for both investing and host countries in a standard mean-variance model. Differing optimal tradeoffs between growth and volatility on both sides of capital flows are examined on the basis of their different attitudes toward...
Persistent link: https://www.econbiz.de/10013156235