| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP5155
|
| DP5155 Voting Transparency in a Monetary Union |
| Hans Gersbach; Volker Hahn
|
| 发表日期 | 2005-07-23
|
| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | Trade liberalization is often met with sharp opposition. Recent examples include the so-called ?Bolkestein? directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods that are tradable. This kind of reform is analysed in a two-country Dornbusch-Fischer-Samuelson style model, where labour cannot relocate to another sector upon a non-expected increase in the range of goods that can be traded.
The effect of liberalization on the terms of trade tend to favour the poorer country (the ?East?), if (as assumed) the most sophisticated goods are tradable before reform. Second, under ex-post liberalization, there exists a class of workers in the West who are harmed because they face competition from Eastern workers and cannot relocate to other activities. But if the East?s economy is relatively small, their wage losses are not very large. Things are different, however, if there exist asymmetries in labour market institutions, such that upon reform, labour can relocate in the East but not in the West. Some workers in the West can then experience very large wage losses. Thus, rigid labour markets in the West magnify opposition to reform there. |
| 主题 | International Macroeconomics
; Labour Economics
|
| 关键词 | Trade liberalization
European integration
Bolkestein directive
Labour mobility
Labour market institutions
Comparative advantage
Terms of trade
|
| URL | https://cepr.org/publications/dp5155
|
| 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/534040
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推荐引用方式
GB/T 7714 |
Hans Gersbach,Volker Hahn. DP5155 Voting Transparency in a Monetary Union. 2005.
|
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