Asymmetric Economic Integration
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Author | : Snorri Thomas Snorrason |
Publisher | : Springer Science & Business Media |
Total Pages | : 227 |
Release | : 2012-07-09 |
Genre | : Business & Economics |
ISBN | : 3790828610 |
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This book investigates whether the effects of economic integration differ according to the size of countries. The analysis incorporates a classification of the size of countries, reflecting the key economic characteristics of economies in order to provide an appropriate benchmark for each size group in the empirical analysis of the effects of asymmetric economic integration. The formation or extension of Preferential Trade Areas (PTAs) leads to a reduction in trade costs. This poses a critical secondary question as to the extent to which trade costs differ according to the size of countries. The extent to which membership of PTAs has an asymmetric impact on trade flow according to the size of member countries is analyzed by employing econometric tools and general equilibrium analysis, estimating both the ex-post and ex-ante effects of economic integration on the size of countries, using a data set of 218 countries, 45 of which are European. ?
Author | : |
Publisher | : |
Total Pages | : 33 |
Release | : 1999 |
Genre | : United States |
ISBN | : |
Download Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations Book in PDF, Epub and Kindle
The Federal Reserve Bank of Kansas City provides access to the full text of an article entitled "Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations," written by Sebnem Kalemli-Ozcan, Bent E. Sorensen, and Oved Yosha. The article is part of the Research Working Paper series. The article discusses economic integration and a method of measuring shock asymmetry that calculates results for each U.S. state.
Author | : Sebnem Kalemli-Ozcan |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations Book in PDF, Epub and Kindle
We show empirically that regions with a more specialized production structure exhibit output fluctuations that are less correlated with those of other regions (less symmetric fluctuations). Combined with the causal relation running from capital market integration to regional specialization found in an earlier study, this finding supports the idea that higher capital market integration leads to less symmetric output fluctuations. This mechanism counter-balances the effect of lower trade-barriers on the symmetry of fluctuations quantified by Frankel and Rose (1998). It is further argued that more asymmetric output shocks do not necessarily imply more asymmetric income shocks, since more cross-country ownership of productive assets may actually render income shocks more symmetric despite the greater asymmetry of output shocks. Some evidence in support of this claim is reported. Deriving a simple closed form expression for the gains from risk sharing for CRRA utility is an independent contribution of the present article.
Author | : Sanoussi Bilal |
Publisher | : Ashgate Publishing, Ltd. |
Total Pages | : 222 |
Release | : 2011-01-01 |
Genre | : Political Science |
ISBN | : 1409434079 |
Download Asymmetric Trade Negotiations Book in PDF, Epub and Kindle
Offers a coherent picture of strategic, design and political economy aspects of North-South trade negotiation processes, from African, Asian and Latin American perspectives. This title provides negotiators and policy makers in the South with recommendations, best practices, and benchmarks and contribute to the understanding of these processes.
Author | : F. Kozma |
Publisher | : Springer |
Total Pages | : 248 |
Release | : 1982-10-31 |
Genre | : Business & Economics |
ISBN | : |
Download Economic Integration and Economic Strategy Book in PDF, Epub and Kindle
Research report on economic integration and economic policy trends in Western Europe and Eastern Europe - discusses theoretical and historical aspects of EC and CMEA, comparative advantages from international division of labour and regional cooperation, etc.; outlines the features of trade policy and export oriented industrylisation in Hungary for the promotion of economic relations with socialist countries and capitalist countries. Diagrams, graphs and maps.
Author | : Johannes Jäger |
Publisher | : Routledge |
Total Pages | : 277 |
Release | : 2015-04-10 |
Genre | : Political Science |
ISBN | : 1317652983 |
Download Asymmetric Crisis in Europe and Possible Futures Book in PDF, Epub and Kindle
The crisis in Europe is often discussed as a crisis of European integration or a crisis of national economies within Europe. Both the ‘methodological Europeanism’ and ‘methodological nationalism’ miss out the important links between economic and political processes at different spatial scales within Europe, and therefore, asymmetries and phenomena of uneven development. In addition, a discussion of possible scenarios which systematically addresses the implications of anti-crisis policies is missing. This volume seeks to close this gap by systematically integrating the analysis of economic policy or ‘technical’ solutions to the crisis within a broader framework of political economy. It argues that combining critical political economy approaches and post-Keynesian perspectives allows for a systematic understanding of the economic and political dimensions of the crisis. Although both approaches have the capacity to deal with asymmetries and uneven development, the heterogeneity in Europe has been an often largely neglected dimension of analysis. However, this recent crisis has shown that this is an essential dimension which has to be addressed in order to better understand the dynamics of European development and integration. Hence, this book aims to deal with asymmetries in Europe and to bridge the gap between the two perspectives. This work will initiate an integrative debate that is crucial for a deeper understanding of the current crisis and is an important resource for all students and scholars of IPE, European political economy and European politics.
Author | : Kari Alho |
Publisher | : Springer Science & Business Media |
Total Pages | : 220 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400903472 |
Download The Economics and Policies of Integration — a Finnish Perspective Book in PDF, Epub and Kindle
European integration has come a long way since the fIrst steps in the aftermath of the Second World War. At that time, the neutral European countries chose to stay outside the European Economic Community. Those countries that wanted less ambitious cooperation formed the European Free Trade Association. Increasing trade dependence between the two groupings was institutionalised when they signed free-trade agreements with each other, creating thus a wider European free-trade area in manufactures. The strong push towards deepening integration among EC countries, manifested in the Single European Act in 1985, and the dismantling of non-tariff barriers to trade and factor flows in the EC by 1993, made it necessary for EFTA countries to secure access on equal conditions to their most important export market and thus prevent trade diversion. The ensuing agreement on the European Economic Area responded to these demands, but did not resolve the apparent asymmetry in EEA decision-making. This emanated from the supremacy ofEC legislation over EEA rules, thus making EFTA countries passively adjust to EC norms. Consequently, Finland applied for membership in the EC in March 1992, with effect from 1995. The latest phase in the integration process, the Treaty on European Union, has an aim to further deepening, e. g. the formation of the economic and monetary union by 1999.
Author | : Patricia Monteiro Higino Da Silva |
Publisher | : |
Total Pages | : 292 |
Release | : 2000 |
Genre | : Developing countries |
ISBN | : |
Download On International Trade, Economic Integration and Economic Growth Book in PDF, Epub and Kindle
Theoretical and empirical literature relating to international trade has often ignored the fact that trade integration does not always occur between identically structured countries or between countries at a similar stage of development. This dissertation examines issues related to trade integration and economic growth, focusing on the interactions between asymmetric economies and between developed and developing countries.
Author | : John Bradley |
Publisher | : Springer Science & Business Media |
Total Pages | : 351 |
Release | : 2005-12-28 |
Genre | : Business & Economics |
ISBN | : 0387228543 |
Download Integration, Growth, and Cohesion in an Enlarged European Union Book in PDF, Epub and Kindle
This book contributes fresh theoretical and empirical evidence on patterns of regional production structures, specialization, regional disparities, convergence and divergence processes and evaluation of cohesion policies in both current and future European Union (EU) member states in the context of increased integration. These subjects are addressed in both individual and cross-country analyses using innovative methodologies. The book is an essential reading for a large audience including researchers and policy makers working in the fields of economic integration, transition economics and regional development. The thirteen contributions brought together in this book are the result of recent research undertaken in the framework of a larger project initiated and coordinated by the Center for European Integration Studies (ZEI) of the University of Bonn on determinants of regional specialization, growth and convergence in the context of European integration. A number of these papers were presented to a conference on “European integration, regional convergence, location of industrial activity and labour market adjustment” initiated by the Center for European Integration Studies of the University of Bonn and organized jointly with the Center for European Studies of the University “Alexandru Ioan Cuza” of Iasi, Romania. We gratefully acknowledge the financial support from the European Commission Framework Programme and the Center for European Integration Studies of the University of Bonn.
Author | : Manfred M. Fischer |
Publisher | : Springer Science & Business Media |
Total Pages | : 392 |
Release | : 1999-07-26 |
Genre | : Business & Economics |
ISBN | : |
Download Spatial Dynamics of European Integration Book in PDF, Epub and Kindle
This text primarily emphasizes the economic agenda associated with European integration, covering: European Monetary Unification and implications; economic integration, cohesion and regional policy; and community enlargement towards Central and Eastern Europe.