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The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...
Persistent link: https://www.econbiz.de/10005442357
Innovation is an important driver for national growth and value in many small countries. Growth in such countries is necessarily associated with exports and other international business activities. Capital imports have always played an important role in the development of export in small and...
Persistent link: https://www.econbiz.de/10012770747
We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports during this period. We show that adverse credit conditions were an important channel through which the crisis affected trade volumes. We identify the impact of credit...
Persistent link: https://www.econbiz.de/10009293004
We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across...
Persistent link: https://www.econbiz.de/10010574408
This paper analyzes the possible a customs union between and the European Union. The GTAP multi-country simulation model of Purdue University's Center for Global Trade Analysis is applied. The welfare measure evaluated is the change in equivalent variation (EV). As all incomes in the model...
Persistent link: https://www.econbiz.de/10008614740
investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU … integration of the Latvian economy into EU, is developed. In the model international financial flows connected with Latvia and EU … integration in the EU, but on its basis it is possible to create models of regional cohesion in Europe. …
Persistent link: https://www.econbiz.de/10009367975
This paper analyzes the possible a customs union between and the European Union. The GTAP multi-country simulation model of Purdue University's Center for Global Trade Analysis is applied. The welfare measure evaluated is the change in equivalent variation (EV). As all incomes in the model...
Persistent link: https://www.econbiz.de/10010301303
This paper examines the history of regional integration in Africa, what has motivated it, the different initiatives … that African governments have pursued, the nature of the integration process, and the current challenges. Regional … integration is seen as a rational response to the difficulties faced by a continent with many small national markets and …
Persistent link: https://www.econbiz.de/10013119716
The primary objective of the research is to investigate the influence of international integration processes on … (RTA) forming have been scrutinized. Integration, which develops due to RTAs, is the most important mechanism of the … international cooperation in the field of economic policy. This integration is a coordination and protection mechanism, which …
Persistent link: https://www.econbiz.de/10013258982
This paper studies co-movements in real output growth across countries of Latin America in the sample period 1970-2007. To detect the change over time, correlations in real growth are analyzed over two sub-samples: 1970-1986 and 1987-2007. Correlation coefficients detect co-movements in real...
Persistent link: https://www.econbiz.de/10009421198