| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1453
|
| DP1453 Contagious Currency Crises |
| Charles Wyplosz; Andrew Rose
|
| 发表日期 | 1996-08-31
|
| 出版年 | 1996
|
| 语种 | 英语
|
| 摘要 | This paper analyses the effects of regional integration on the location of increasing-returns industry and the resulting pattern of trade. Theoretically, it is shown that regional integration may initially lead to a dispersion of industry inside the customs union. Below a certain threshold of internal trade costs, however, industry concentration in the central member country will again increase. This non-monotonic relationship with regional integration also applies to equilibrium levels of intra-industry trade (IIT). A strictly monotonic negative relationship is found between, on one hand, the degree of scale economies and, on the other hand, industrial concentration both in the central country and intra-union IIT. Empirical evidence for the European Union lends support to some of the theoretical predictions. Employment in scale-intensive industries tends to be concentrated at the centre of the EU, and IIT is relatively low in these sectors. An IIT growth reversal is detected for the scale-intensive industries, which supports the non-monotonicity predicted by the model. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Economic geography
European union
Regional integration
Scale economies
|
| URL | https://cepr.org/publications/dp1453
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530592
|
推荐引用方式
GB/T 7714 |
Charles Wyplosz,Andrew Rose. DP1453 Contagious Currency Crises. 1996.
|
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