Disintegration and International Trade Flows
Author :
Publisher :
Page : 27 pages
File Size : 33,37 MB
Release : 1990
Category : Pakistan
ISBN :
Author :
Publisher :
Page : 27 pages
File Size : 33,37 MB
Release : 1990
Category : Pakistan
ISBN :
Author : Harry G. Broadman
Publisher : World Bank Publications
Page : 444 pages
File Size : 39,97 MB
Release : 2006-02-09
Category : Business & Economics
ISBN : 0821361988
As the world marketplace becomes ever more globalized, much is at stake for the prosperity of hundreds of millions of people in Europe and Central Asia as the region's transition process continues through its second decade. Understanding the underlying dynamics shaping the contours and most salient impacts of international integration that have emerged and likely to emerge prospectively in the region is thus a crucial challenge for the medium term economic development agenda, not only for policymakers in the countries on themselves, but also for their trading partners, the international financial institutions, the donor community and the future of the world trading system as a whole. This book addresses this challenge.
Author : Simeon Djankov
Publisher :
Page : 28 pages
File Size : 11,40 MB
Release : 2000
Category : Armenia
ISBN :
Abstract: June 2000 - This study of trade flows among and between nine Russian regions and 14 republics of the former Soviet Union shows a bias toward domestic trade in the reform period that is primarily the result of tariffs. In addition, old linkages - such as infrastructure, business networks, and production and consumption chains - have limited the reorientation of trade. Djankov and Freund study the effects of trade barriers and the persistence of past linkages on trade flows in the former Soviet Union. Estimating a gravity equation on trade among and between nine Russian regions and 14 former Soviet republics, they find that Russian regions traded 60 percent more with each other than with republics in the reform period (1994-96). By contrast, the Russian regions did not trade significantly more with each other than with republics in the prereform period (1987-90). The results suggest that the bias toward domestic trade in the reform period is primarily the result of tariffs. In addition, past linkages - such as infrastructure, business networks, and production and consumption chains - have limited the reorientation of trade. This paper-a product of the Financial Sector Strategy and Policy Department-is part of a larger effort in the department to promote economic liberalization.
Author : Simeon Djankov
Publisher :
Page : 44 pages
File Size : 24,81 MB
Release : 2000
Category : Former Soviet republics
ISBN :
Author : Wilhelm Röpke
Publisher : Ludwig von Mises Institute
Page : 299 pages
File Size : 46,89 MB
Release : 1950
Category : Autarchy
ISBN : 1610162781
Author : Robert C. Feenstra
Publisher :
Page : 50 pages
File Size : 13,37 MB
Release : 1998
Category :
ISBN :
Author : Branko Milanović
Publisher : World Bank Publications
Page : 40 pages
File Size : 43,24 MB
Release : 2003
Category : Convergence (Economics)
ISBN :
Author : Salvatore Baldone
Publisher :
Page : 0 pages
File Size : 46,25 MB
Release : 2008
Category :
ISBN :
In traditional trade models, whether based on technological differences or on relative factor endowments, merchandise composition and directions of trade are derived from closed-economy conditions. But nowadays one of the basic assumptions of traditional trade models, i.e. that production processes are integrated within just one country, is being increasingly violated as previously integrated productive activities are segmented and spread over an international network of production sites: as a result, an increasingly large share of trade flows is made up of intermediate and unfinished goods being transferred from one country to another in order to be processed. In this paper we submit that such new configuration of production processes has important effects on at least three dimensions of economic research. First, we show that international disintegration of production processes leads to a lessening of the power of comparative advantages when it comes to explaining both merchandise composition and directions of trade, while it is the concept of absolute advantage to become increasingly relevant; second, we show that empirical measures of revealed comparative advantages are inherently misleading if they do not account for differences in the stage-of-processing of traded goods; third, we estimate a simple model of aggregate demand accounting for international trade in intermediates: results of estimation lend support to our prior that participation of a country in the process of international fragmentation of production plays a specific and significant role in determining its year-over-year change in GDP.
Author : Branko Milanovic
Publisher :
Page : 35 pages
File Size : 33,4 MB
Release : 2016
Category :
ISBN :
Some economists have argued that the process of disintegration of the world economy between the two world wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period 1919-39 was associated with divergence of incomes among the rich countries is wrong. On the contrary, income convergence continued and even accelerated. Since the mid-19th century, incomes of rich countries tended to converge in peacetime regardless of whether their economies were more or less integrated. This, in turn, implies that it may not be trade and capital and labor flows that matter for income convergence but some other, less easily observable, forces like diffusion of information and technology.This paper - a product of the Poverty Team, Development Research Group - is part of a larger effort in the group to study global inequality.
Author : Richard E. Baldwin
Publisher : CEPR
Page : 246 pages
File Size : 41,67 MB
Release : 2009
Category : Commercial policy
ISBN : 1907142061