particular, and in contrast with estimates of the trade effect of other currency unions, we find that the impact of the euro on … trade has been close to zero. After reviewing the costs and benefits, we conclude with some open questions on normative and …

negative exter- nal trade shocks may be accommodated by the migration of jobs be- tween sectors; the negative impact on some …, will be temporary, unless labour market rigidities prevent the necessary adjustment. We ar- gue that trade shocks trigger a … disequilibria. Therefore, the structural change that follows trade shocks can no longer be analysed within an equilibrium framework …

This paper builds a two-country (North, South), two-sector (polluting, nonpolluting) trade model with directed … produced with a clean and a dirty input. I show that a temporary Northern policy combining clean research subsidies and a trade … tax can ensure sustainable growth but Northern carbon taxes alone cannot. Trade and directed technical change accelerate …

in information technology cannot be compensated by a country's trade openness, i.e., by importing ICT goods. These … results help to explain trends in high-tech specialization and international trade. …

This paper examines whether European integration, manifesting itself in increased trade and FDI linkages, new … model endogenous relationships and unveil direct and indirect effects. Trade and FDI prove to have a strong impact on …

the beggar-thy-neighbor view: (i) undervaluation of the domestic currency improves the domestic trade balance; and most … importantly, (ii) undervaluation of the domestic currency negatively impacts the other countries’ trade balances. Starting from … currency undervaluation is robustly and significantly associated with an improvement of the domestic trade balance. We also …

This paper examines whether European integration, manifesting itself in increased trade and FDI linkages, new … model endogenous relationships and unveil direct and indirect effects. Trade and FDI prove to have a strong impact on …

This paper re-examines the relationship between trade intensity and business cycle synchronization for 21 OECD … capturing specialisation, financial integration, and similarity of economic policies. We confirm that trade intensity affects … similar impact on business cycle synchronization as trade intensity. Finally, we find that the effect of trade on business …

This paper examines the impact of the European Union-South Africa Trade Development and Cooperation Agreement (EU …-SA TDCA) on trade between the RSA and Botswana, Lesotho, Namibia and Swaziland (BLNS). The results indicate that demand for …