Convergence Divergence And Changing Trade Patterns
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Convergence Divergence And Changing Trade Patterns
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Author : Klaus Walde
language : en
Publisher:
Release Date : 2014-01-15
Convergence Divergence And Changing Trade Patterns written by Klaus Walde and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with categories.
Convergence Divergence And Changing Trade Patterns
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Author : Klaus Wälde
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Convergence Divergence And Changing Trade Patterns written by Klaus Wälde and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
1. Introduction and overview Until still few years ago, economic growth theory (going back to Solow, 1956; for an introduction cf. Burmeister and Dobell, 1970) predicted convergence of both growth rates and level of per capita income of economies which share identical preferences, technologies and same population growth rates, independently of initial conditions. Countries with a low capital stock grow faster than those with a higher capital stock, until, in the long-run, they all converge to a common constant growth rate. This prediction is due to the way how growth is "explained" in models of this kind. Growth of output per capita resulted, in the simplest model, from an exogenous growth oflabour productivity (see e. g. Sala-i-Martin, 1990; Grossman and Helpman, 1991a, ch. 2). Si!1ce this increase of productivity is exogenously given, the model itselfdoes not give any explanation ofits source. The prediction ofconvergence ofgrowth rates, itself, is very doubtful and observations show, that on an international level either convergence is not given at all, or that it takes a very long time. The literature of the "new" theory of growth provides a rich variety of models whose theoretical implications range from divergence to convergence and thus offers much better working tools in order to analyze real world observations. These models (starting with Romer, 1986 and Lucas, 1988) explain growth of GNP or per capita income from within the model by includingexternal effects such as a public stock ofknowledge capital (e. g.
International Trade Fairs And Inter Firm Knowledge Flows
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Author : Rachael Gibson
language : en
Publisher: Springer Nature
Release Date : 2023-01-02
International Trade Fairs And Inter Firm Knowledge Flows written by Rachael Gibson and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-02 with Science categories.
Against a backdrop of economic uncertainty caused by a shift toward protectionism and the COVID-19 pandemic among other issues, this book suggests that international trade fairs (ITFs) represent a vital source of economic dynamism that can support national and regional economies by creating opportunities for firms to access new markets, network with key actors in their industry or value chain, and tap into valuable external knowledge flows regarding new technologies and innovations. Author Rachael Gibson argues that ITFs have become crucial nodes in the global political economy, driving global economic dynamics and mediating differences between capitalist economies regarding their technological and institutional practices and conditions. In this way, ITFs represent a decisive mechanism by which distinct national patterns of technological specialization may converge or diverge. Trade fairs represent important platforms for networking, interactive learning, and knowledge exchange because they foster intense interactions among actors despite spatial boundaries. ITFs also tend to be organized according to a specific technological or industry focus, which means that they can facilitate interactions between firms from different capitalist varieties. Through the diffusion of state-of-the-art knowledge, ITFs may, thus, serve as drivers of economic globalization, challenging the continuation of distinct capitalist varieties by enabling cross-system convergence regarding the technological specializations of firms. Yet, it is clear that countries have retained competitive advantages in specific industries and that full convergence has not taken place. This book explores this puzzle.
Economic Growth And Change
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Author : John Adams
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
Economic Growth And Change written by John Adams and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Considers global, national, and regional (subnational) patterns of economic growth from a comparative perspective in 16 papers from a June 1997 conference in Cagliari, Italy. They include discussions of the economic rise and decline of nations; research and development, technology, and economic growth; how much convergence has taken place in the inequality in regional and state per-capita incomes in the US; whether allocation matters in human capital and growth in the European regions; growth and sectoral dynamics in the Italian regions; and regional integration and public investment in Spain. Annotation copyrighted by Book News, Inc., Portland, OR
Changing Patterns Of Global Trade
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Author : Nagwa Riad
language : en
Publisher: International Monetary Fund
Release Date : 2012-01-15
Changing Patterns Of Global Trade written by Nagwa Riad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-15 with Business & Economics categories.
Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Divergence Convergence And The Gains From Trade
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Author : Saul H. Hymans
language : en
Publisher:
Release Date : 1995
Divergence Convergence And The Gains From Trade written by Saul H. Hymans and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Adaptions To Changing Trade Patterns In The Global Trading System
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Author : Robert Mitchell Stern
language : en
Publisher:
Release Date : 1988
Adaptions To Changing Trade Patterns In The Global Trading System written by Robert Mitchell Stern and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with International trade categories.
Adaptation To Changing Trade Patterns In The Global Trading System
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Author : Robert Mitchell Stern
language : en
Publisher:
Release Date : 1988
Adaptation To Changing Trade Patterns In The Global Trading System written by Robert Mitchell Stern and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Technical Change And The World Economy
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Author : John Hagedoorn
language : en
Publisher: Edward Elgar Publishing
Release Date : 1995
Technical Change And The World Economy written by John Hagedoorn and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Contains papers from the 1992 MERIT Conference. Topics include general trends in international trade and investment; international corporate strategies and world-wide distribution; multi-contact, interfirm collusion diverging patent regimes; uneven technol
The Growth Of Intra Industry Trade
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Author : Leonie L. Stone
language : en
Publisher: Taylor & Francis
Release Date : 2021-10-28
The Growth Of Intra Industry Trade written by Leonie L. Stone and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-28 with Business & Economics categories.
First Published in 1997. The explosive growth of world trade in the last three decades is unparalleled in history, both due to the rapid increase in volume and to the change in the composition of trade. Historically, trade between nations has consisted largely of exchanges of products that were very different from each other, neither closely substitutable in consumption nor production processes. However, in this latest period of trade expansion, the majority of the increase in world trade has been in manufactured goods, many of which are highly substitutable differentiated products. This has led to growth in intra-industry trade, the cross-shipment of similar products. This study links increased shares of intra-industry trade with growth in newly-industrializing countries. To examine these questions, this study first gives a review of existing literature, both theoretical and empirical. Five hypotheses on intra-industry trade are then discussed. A model is then presented and estimated, using data on bilateral trade between the United States and its five major trading partners, Canada, Japan, France, Germany, and the United Kingdom.