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Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...
Persistent link: https://www.econbiz.de/10011478180
We use firm-level data for 15 countries and 13 manufacturing sectors to estimate firm-level productivity parameters and … to establish representative country-sector-specific empirical productivity distributions. We use these distributions … of technology in shaping international trade flows. We find that, on average, absolute advantage measured as productivity …
Persistent link: https://www.econbiz.de/10013341605
This paper introduces the Geographic Macro and Regional (GMR) model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital...
Persistent link: https://www.econbiz.de/10011530582
positive-sum game in a twogoods, two-countries world where CO2 emission targets constrain the production possibilities … goods as in the classical Ricardian world. However, the main findings still apply that international trade extends the …
Persistent link: https://www.econbiz.de/10012438053
Persistent link: https://www.econbiz.de/10011889558
compensated by an increase in trans-boundary pollution which is detrimental to the productivity of environmental sensitive sectors …
Persistent link: https://www.econbiz.de/10011522609
The balance of payments can act as a constraint to the rate of growth of output, on putting a limit to the growth in the level of demand to which supply can adapt. This effect might be even stronger for regional economies, presumably more integrated among them. In this paper, we examine this...
Persistent link: https://www.econbiz.de/10012655136
the resource sector which enjoys economic rent increases its total income. To maximize world welfare in a trading steady …
Persistent link: https://www.econbiz.de/10011522613
measured by labour productivity. After extending the analysis to control for other relevant factors which may affect regional …
Persistent link: https://www.econbiz.de/10011516047
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...
Persistent link: https://www.econbiz.de/10011535894