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The relationship between market integration and the degree of specialization plays a key role in many areas of economics. In contrast to previous studies, we illustrate that globalization does not necessarily lead to specialization. The analysis is conducted in an extended Dixit-Stiglitz- Ethier...
Persistent link: https://www.econbiz.de/10005635367
Besides material offshoring, economists have started to analyze the impact of service offshoring on domestic employment. Services are of particular interest since their significance has grown not only in terms of quantity, but also of qualitative understanding. One decade ago, most services were...
Persistent link: https://www.econbiz.de/10005635368
By applying the concepts of institutional and constitutional economics, this paper addresses the question to what extent a reform of the stability pact will be efficient and appropriate. The starting point of the analysis is the assumption that the stability pact will yield disciplining effects...
Persistent link: https://www.econbiz.de/10005635369
Noch nie sind die wirtschaftlichen Effekte von ‚Marktintegration’ so umfassend evaluiert worden wie im Falle des EU-Binnenmarktprogramms. Dank des wachstumstheoretischen Forschungsbooms und umfangreicher kommissionsfinanzierter empirischer Studien ist es inzwischen möglich, ein...
Persistent link: https://www.econbiz.de/10005635370
The retail sectors in many industrialized countries have experienced a large increase in concentration and the appearance of so-called \"retail deserts\", areas of low retail provision. This study addresses the role of international trade in this process. The analysis shows that by raising...
Persistent link: https://www.econbiz.de/10005635371
A two-country model of oligopoly in general equilibrium is used to show how changes in market structure accompany the process of trade and capital market liberalisation. The model predicts that bilateral mergers in which low-cost firms buy out higher-cost foreign rivals are profitable under...
Persistent link: https://www.econbiz.de/10005635372
This paper investigates the trade effects of Turkey’s trade integration into the EU. To this end sectoral trade flows to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey’s sixteen most important export sectors. Emphasis is placed on the role of...
Persistent link: https://www.econbiz.de/10005635373
The paper focuses on the impact of business related R&D spending on input factor productivity (IFP) using international patent applications as a technology diffusion channel. Considering the relationship between research and productivity, international patent pattern reflects the link between...
Persistent link: https://www.econbiz.de/10005635374
In this paper the export demand and supply of German manufacturing industry is estimated for the period 1993:1 through 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention is pointed on the development of the German export...
Persistent link: https://www.econbiz.de/10005635375
Vielfach wurde Deutschland in der Vergangenheit durch die Medien als „Exportweltmeister“ bezeichnet. Die aktuelle Diskussion in Hinblick auf die von Hans-Werner Sinn aufgestellte Basarökonomiethese befasst sich mit der Frage nach der Vorteilhaftigkeit dieses Titels für Deutschland, zumal...
Persistent link: https://www.econbiz.de/10005763432