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Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …
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A 2-country model with two groups of agents, workers and capitalists is presented in which economic integration results in an initial phase of catch-up, where the less industrialised country experiences the rise in both capital and labour income. Then, after a certain level of integration has...
Persistent link: https://www.econbiz.de/10010291923
into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and …, when this may not be the case. Incorrect conclusions as to how trade surges and technology contribute to wage inequality …
Persistent link: https://www.econbiz.de/10010292022
This study analyses the effect of trade and migration on wages and labour market mobility. We estimate wage growth … in the reactions of white and blue-collar workers wages and mobility to trade and migration. In Austria exports have a …
Persistent link: https://www.econbiz.de/10010292764
This paper explores the relationship between openness to trade, immigration, and income per person across countries. To … predictors of openness to immigration and to trade for each country by using information on bilateral geographical and cultural … to immigration on long-run income per capita. In contrast, we are unable to establish an effect of trade openness on …
Persistent link: https://www.econbiz.de/10010293104
negatively by trade, while the Gini statistic is fueled by the falling labour share and increasing financial payments. Using …
Persistent link: https://www.econbiz.de/10010293176