An input-output analysis of European integration / Alex R. Hoen.

Format:

Book

Author/Creator:

Hoen, Alex R.

Series:

Contributions to economic analysis 0573-8555 ; 253.

Contributions to economic analysis, 0573-8555 ; 253

Language:

English

Subjects (All):

Europe--Economic integration.

Europe.

Input-output analysis.

Physical Description:

xv, 248 pages : illustrations ; 23 cm.

Edition:

First edition.

Place of Publication:

Amsterdam ; Boston : North Holland/Elsevier, 2002.

Summary:

Trade theories predict and explain the consequences of economic integration. Generally, they show that freer international trade leads to specialisation, technological convergence and faster economic growth. This study compares the conclusions of the trade theories with empirical observations of economic changes in the European Union. These empirical analyses show that the main conclusions also hold empirically. However, many detailed empirical observations often contrast the theoretical expectation. Hence, although the trade theories do predict the general changes correctly, they are not capable of predicting the more specific empirical outcomes.

Contents:

1.1 Three Questions

1.2 Economic Integration

1.3 Input-Output Analysis

Chapter 2 International and European Integration 13

2.2 Seven Stages of Integration

2.3 The History of European Integration

2.4 Theory of International Trade

2.4.1 Ricardo and Heckscher-Ohlin

2.4.2 Creation of a Customs Union

2.4.3 Creation of a Common Market

2.4.4 Integration of Product and Production Factor Markets

2.4.5 Creation of a Monetary Union

2.4.6 The Role of Technology

2.5 New Trade Theories

2.5.2 Oligopoly

2.5.3 Monopolistic Competition

2.5.4 Technology

2.6 Competitive Advantages

2.7 Effects of Integration on the EC Economies: Earlier Research

Chapter 3 Intercountry EC Input-Output Tables in Constant Prices 45

3.2 Intercountry Input-Output Analysis

3.2.2 National Input-Output Tables and Analysis

3.2.3 Intercountry Input-Output Tables and Analysis

3.2.4 Multi-Country Input-Output Tables and Analysis

3.3 Construction of the EC Input-Output Tables in Current Prices

3.4 Deflation of Input-Output Tables

3.4.2 Input-Output Tables in Quantities and Constant Prices

3.4.3 Double Deflation

3.4.4 Deflation Based on the RAS Method Versus Double Deflation

3.5 Empirical Evaluation of Double Deflation and RAS for the Netherlands

3.6 Construction of the EC Input-Output Tables in Constant Prices

Appendix A NACE CLIO Sector Classification

Appendix B NACE-CLIO Final Demand and Primary Costs

Appendix C Sector Classification with 12 Sectors

Appendix D Errors in the Rows, 58 Sectors

Appendix E Errors in the Columns, 58 Sectors

Appendix F A Short History of the EC Input-Output Tables

Chapter 4 Analysis of Value Added: Size, Growth, Multipliers, and Spillovers 93

4.2 Value Added per Country

4.3 Value Added per Sector

4.3.2 Effects of Sectoral Distribution

4.3.3 Effects of Sectoral Growth Rates

4.3.4 Decomposition of Value Added Growth

4.4 Value Added Multipliers

4.4.2 Backward Multipliers

4.4.3 Effects of Linkages: Another Decomposition of Value Added

4.4.4 Intercountry Spillovers

Appendix A Several Figures

Chapter 5 A Decomposition of Value Added Growth 131

5.2 Decomposition Analysis

5.2.2 The General Decomposition Method

5.2.3 Refinements to the General Decomposition Method

5.3 Empirical Results

5.3.2 Country and Sector Results

5.3.3 Decomposition of the Impact of Final Demand

Appendix A Derivation of the Decomposition Equation

Appendix B Detailed Sector by Country Results

Chapter 6 Intra-Industry Trade and Specialisation 161

6.2 Intra-Industry Trade

6.2.2 Measuring Intra-Industry Trade

6.2.3 The Grubel-Lloyd Index in Input-Output Tables

6.2.4 Empirical Results per Country

6.2.5 Empirical Results per Sector

6.3 Specialisation

6.3.2 Measuring Specialisation

6.3.3 Empirical Results per Country

6.3.4 Empirical Results per Sector

6.4 Relation Between Intra-Industry Trade and Specialisation

Appendix A Averages of the Grubel-Lloyd Index

Appendix B Specialisation Indexes for a Fully Specialised Country

Chapter 7 Structural Convergence 199

7.2 Technology, Convergence, and International Trade

7.2.2 Theoretical Findings

7.2.3 Empirical Findings

7.3 Technology and Input-Output Tables: the Production Structure

7.4 Empirical Differences in the Production Structures

7.4.1 Sign Test

7.4.2 Regression Analysis

7.5 Convergence and Divergence of Production Structures

7.6 Intra-Industry Trade and the Production Structure

Appendix A Country by Country Results of the Sign Test

Appendix B Country by Country Results of the Regression Analysis

8.1 Three Answers?

8.2 Happened to the EC Countries During Integration?

8.3 Are the Changes in Line with Theoretical Expectations?

8.4 What is the Contribution of Input-Output Analysis?.

Notes:

Includes bibliographical references (pages 237-244) and index.

ISBN:

0444510885

OCLC:

49672732