The paper analyzes the effects of increasing capital market integration on production and market structures, trade and … stages of capital market integration are defined. First, capital is internationally immobile, secondly, capital is partly … of international trade which incorporates the new trade theory as well as aspects of the theory of multinational …

This paper develops a theory of firm selection and growth and embeds it into an international trade framework of … continuous arrival of new potential producers. Firms can also pay an increasing market penetration cost to sell more to a given … market. The model is consistent with a set of salient regularities of firm and exporter selection and growth, as well as the …

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … data we confirm that firms adjust on both margins for market size. In a stochastic setting, firms adjust to increased …

evidence suggests that the transport sector is independent, may exercise market power and features strong economies of scale … economies of scale beat market power: a decline in the tariff implies a decline in freight rates. Furthermore, our results are …

financial market characteristics and contracting environments in both the source and the destination country. Trade increases in …

the larger country's share in world endowments and its share in producing firms: the so called home market effect (HME … model with an outside sector, trade liberalization leads to convergence of real per capita income. -- home market effect …

prices of the factors of production and the pattern of trade. An attempt is made at incorporating oligopoly market structure … anticompetitive effect. It is therefore important to take into consideration the underlying market structure while liberalizing …