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Market to ensure freer trade and perhaps to create an egalitarian Europe. The post-1993 period saw the biggest enlargement of … had happened in the EU. Our study makes a humble attempt to shed light on the role of trade (both intra-EU and EU versus … trade openness and government expenditure did contribute to per capita income convergence in the EU during the period of our …
Persistent link: https://www.econbiz.de/10012485951
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
The study analyzes the impacts of the financial and economic crisis on the potential growth in the European Union. It carries out quantitative analysis in order to reveal the medium and long-term trends. According to the analysis the impacts of the crisis are significantly different in the...
Persistent link: https://www.econbiz.de/10013085313
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the 'wrong' (i …
Persistent link: https://www.econbiz.de/10005667122
La crisis económica actual se inscribe en el contexto de un profundo proceso de transformación de la economía mundial. Este proceso tiene su principal reflejo en la evolución registrada por el comercio internacional en las últimas décadas, cuyo análisis es el objeto de esta monografía....
Persistent link: https://www.econbiz.de/10010662870
between countries and its impact on trade, the DELF is, indeed, a very valuable measure of cultural affinity between countries …, also showing this affinity affects trade flows in a positive way, especially of heterogenous goods. …
Persistent link: https://www.econbiz.de/10011421911
An active debate has centered on the importance of manufacturing for driving innovation in the U.S. economy. This paper proposes an alternative framework that focuses on the role of suppliers of goods and services (the “supply chain economy”) in national performance. Using the 2002 Benchmark...
Persistent link: https://www.econbiz.de/10011749360
This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple measure of material welfare, but not a comprehensive measure of welfare.
Persistent link: https://www.econbiz.de/10008873547
Structural decomposition techniques based on input-output table have become a widely used tool for analyzing long term economic growth. However, due to limitations of data, such techniques have never been applied to China's regional economies. Fortunately, in 2003, China's Interregional...
Persistent link: https://www.econbiz.de/10005227611