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We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare … tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby …
Persistent link: https://www.econbiz.de/10012142323
We show that the standard concertina result for tariff reforms -- i.e. lowering the highest tariff increases welfare … tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby …
Persistent link: https://www.econbiz.de/10005662261
America, estimating their impacts on trade flows and welfare. We combine a gravity model with kernel and bootstrap estimation … framework proposed by Winters (1997) to relate trade effects to their welfare implications. The results indicate that only AFTA … and MERCOSUR have induced positive trade and welfare effects. The remaining RTAs have produced mixed effects for their …
Persistent link: https://www.econbiz.de/10005481752
welfare impact are determined by international and regional negotiation costs, bargaining power, accession rule, and intra …
Persistent link: https://www.econbiz.de/10010895315
This paper examines whether economic integration favors countries' convergence into a common cone of diversification. We analyze the manufacturing specialization patterns for a sample of 19 current and potential European Union countries over the period 1963-1998, and assess the impact of...
Persistent link: https://www.econbiz.de/10010301120
In a period of sluggish economic growth, the Brexit saga adds additional uncertainty to trade issues, concluding half a century of troubled EU-UK experience. In the post-Brexit era, the UK will be the third external EU_27 partner after the USA and China. Especially inbound trade (from the UK to...
Persistent link: https://www.econbiz.de/10014477276
In recent decades, the international division of labor expanded rapidly in course of globalization. In this context, highly developed countries specialized on (human) capital intensively manufactured goods and increasingly sourced parts and components from lowwage countries. Since this should be...
Persistent link: https://www.econbiz.de/10010285500
This paper tests the question whether the integration process in the EU has contributed to the often-observed growing dispersion of income over the regions of the EU, in the presence of convergence between the member states. We do this by introducing price convergence as an indicator of...
Persistent link: https://www.econbiz.de/10013125191
From 2004, enlargement of the European Union is expected to bring substantial net economic benefits. Herein lies a weakness, in that practically all empirical studies characterise ‘single market’ accession using simple ad hoc uniform percentage reductions in trade costs. Employing a modified...
Persistent link: https://www.econbiz.de/10009392047
In recent decades, the international division of labor has expanded rapidly in the wake of European integration. In this context, especially Western European high-wage countries should have specialized on (human-)capital intensively manufactured goods and should have increasingly sourced...
Persistent link: https://www.econbiz.de/10010643610