Search results for " integrati"
showing 10 items of 1088 documents
Trade balances and exchange rates in the long run for European Union countries
2000
This paper has found evidence that real effective exchange rates have a positive impact on the trade balance in the long run for major European Union countries. This result sheds more light on the long-run statistical relationship between those two variables, at least in the context of the Community. The existence of that link is sustained by the effects that income variables have on the trade balance. The outcomes of this analysis in support of a long-run equilibrium relationship are consistent with the imperfect substitutes model, confirming the validity of this model for economic policy implementation purposes. Low, long-run elasticities of the trade balance with respect to the real effe…
The economic impact of European financial integration: The importance of the banking union
2015
Abstract The aim of the paper is to analyze the effect of European financial integration on economic growth. We focus on how the international financial crisis that started in 2007 has affected integration and growth. By combining information at country, sector and firm level, we quantify the effect of financial integration on financial development and therefore on economic growth. Our results illustrate that until the outbreak of the crisis, a significant part of financial development is attributable to progress in integration, with a positive contribution of around 0.04 pp to the EU-15 countries’ GDP growth over the period 1999–2007 of advance in integration. However, during the crisis, t…
Measuring Globalization of International Trade: Theory and Evidence
2009
Measuring globalization requires a Standard of Perfect International Integration as a benchmark that a single world space would reach under conditions of geographic neutrality in international trade. We define this standard and present indicators for openness, connectedness and integration, for each specific economy, and for the world economy. We apply our indicators to data on trade flows for 59 countries for the 1967-2004 period. Results show that trade integration is higher than what traditional openness indicators suggest. Several economies find high levels of integration, but the low degree of openness in some large economies jeopardizes the progress of globalization. © 2008 Elsevier L…
The Theory of the Flying Geese Pattern of Development and Its Interpretations
1994
An interpretation is made of Akamatsu Kaname's theory of the flying geese pattern of development, launched in Japan during the 1930s. This theory explains how an undeveloped country can become developed relatively quickly. The undeveloped country adopts suitable labour-intensive industries from more developed countries. It produces first for the home market, but starts to export as soon as the industries have grown strong enough. Initially, products are simple, crude and cheap, but gradually the level of quality is elevated. The procedure is repeated over and over again, leading to a rapid process of national economic development. In Japanese postwar industrial policy, certain industries w…
Early modern trade flows between smaller states : the Portuguese-Swedish trade in the eighteenth century as an example
2015
The eighteenth century was a period of many great power wars and competition for colonies. However, despite the turmoil, smaller nations were able to carve their niches in the international trade of the period. Examination of new sources, used in a comparative fashion, indicates that bilateral trade still has much to offer for the analysis of international trade history. The pattern of bilateral trade between Sweden and Portugal indicates that they were not equally dependent on that trade, and that the products traded varied over time. Usually bulk commodities dominated this trade, as each country focused on its core competencies. Overall, the volume of trade and the number of ships travell…
New Evidence on Regional Inequality in Iberia (1900–2000)
2014
AbstractThis article presents new evidence on the evolution of regional inequality in Iberia from 1900 to 2000 from a geographical perspective. To do so we introduce a new historical dataset of regional gross domestic products (GDPs) for Spanish NUTS III and Portuguese Historical Districts, synthetic indices of regional inequality, and different measures of spatial correlation across regional per capita GDPs. The results show that the Portuguese and Spanish national economic integration processes initially led to the economic specialization across Iberian regions promoting the divergence in terms of their regional per capita GDPs. Notwithstanding, ulterior advances in the integration of nat…
Skilled and unskilled wage differentials and economic integration, 1870-1930
2004
In this article we analyse the differences between the wages of skilled and unskilled workers in the period 1870–1930 for five countries with different levels of development and economic integration: the USA, France, the UK, Italy and Spain. We have constructed a ratio of skilled to unskilled wages (the skill premium) in the industrial sector for all these countries with the exception of the USA, for which data were already available. We study the impact of globalisation, technological and structural change and labour movements on the skill premium growth rate. The main conclusion we obtain is that the globalisation variables (migration and trade) explain only part of this growth. Technolog…
Migrants’ economic integration : problematising economic citizenship
2021
Labour market policies to include migrants in their host societies through strategic integration activities usually relate host country belonging to labour market success, commodifying citizenship. Labour market success, however, is not “belonging;” raising the question of whether “economic citizenship” is a misnomer. National citizenships embed territorial, social and ethnic hierarchies in unequal ways. Migrants at the moment of their mobility are outside these national solidarities, and thus are commodified, with their rights depending on their labour market value. Access to national citizenship rights is an important structuring element in segmenting globalizing labour markets. peerRevie…
Regional Inequality in Latin America: Does It Mirror the European Pattern?
2020
The aim of this chapter is to analyse the comparative evolution of regional inequality over the course of the historical economic development processes in four countries of South West Europe—France, Italy, Portugal and Spain—and nine countries of Latin America: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and Venezuela. Our analysis, which goes back to the nineteenth century, shows that regional income inequality has followed over time what appears now to be an N-shaped evolution in both regions. However, both experiences differ markedly and we identify the main stylized facts of these trajectories. First, Latin America begun the period with higher levels of regional i…
Trade in final goods and the impact of innovation
2011
Abstract This paper analyses how innovations in imported final goods impact via terms of trade effects upon welfare growth in the domestic economy. It is shown that the impacts, although differing across countries, are quantitatively significant and worthy of further consideration.