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a gradual and step-wise rather than sudden process, and that early modern market structures were shaped by geography …
Persistent link: https://www.econbiz.de/10011042830
Over the past two decades, globalisation has given a boost to world trade, has grown one and a half times faster than world output, and the difference has even been considerably higher in recent years as world trade growth accelerated very strongly. More
Persistent link: https://www.econbiz.de/10008511903
One of the most notable events of the world economy over the past twenty years has been the phenomenal growth in the number of international economic integration agreements, such as free trade agreements. This paper discusses the roles of “competitive liberalization” by nations’...
Persistent link: https://www.econbiz.de/10009145827
This paper examines the impact of market integration in the presence of a labor union. Effects on wages, employment, product price, firm profits, and union rents are analyzed. Both the theoretical model as well as numerical sim - ulations show the importance of factors such as the product demand...
Persistent link: https://www.econbiz.de/10010840849
The expansion of the world trade, the unprecedented opening of the national markets, the regional integration and the consistency of globalization represent challenges having in view the management of the internal balances between cashing ins and payments
Persistent link: https://www.econbiz.de/10008480078
In this paper the Balassa steps of economic integration are first reviewed, and then extended to cover currernt integration configurations. Pre-conditions for each stage of integration are detailed using a backward-looking economic conditionality approach, and then both economic and political...
Persistent link: https://www.econbiz.de/10009392036
In this article we develop a simple analytically solvable model of heterogeneous firms. The heterogeneous firm framework presented in this paper is particularly suitable for the structural estimation of variety gains from trade integration, as all structural equations for empirical estimations...
Persistent link: https://www.econbiz.de/10011078558
Persistent link: https://www.econbiz.de/10011587643
The study addresses the problems arising in association with the conjugation of the Eurasian Economic Union (EAEU) and the Belt and Road initiative. The hypothesis is that the conjugation is economically effective, and this is proven by the statistical analysis of trade and investment dynamics...
Persistent link: https://www.econbiz.de/10012132045
international trade between China, Europe and Africa as well as building a new international economic order and security system … in the most dynamic way and is the most exploited among all railway connections between China and Europe. In theory, the … EAEU and its customs union between Belarus, Kazakhstan and Russia should allow the easy transit of goods between Europe and …
Persistent link: https://www.econbiz.de/10012024088