European economic integration, WTO membership, immigration and offshoring / Wilhelm Kohler.

Format:

Book

Author/Creator:

Kohler, Wilhelm K., author.

Series:

World Scientific studies in international economics ; Volume 27.

World Scientific Studies in International Economics, 1793-3641 ; Volume 27

Language:

English

Subjects (All):

Europe--Economic integration.

Europe.

Europe--Foreign economic relations.

Europe--Commerce.

Europe--Emigration and immigration--Economic aspects.

World Trade Organization--European Union countries.

World Trade Organization.

Physical Description:

1 online resource (434 p.)

Place of Publication:

Hackensack, New Jersey ; London, England : World Scientific, 2014.

Language Note:

English

Summary:

This volume is a collection of papers that apply general equilibrium theory in order to obtain policy relevant insights on topical issues of international trade and migration. The first set of papers focuses on European integration, applying dynamic numerical general equilibrium methods to quantify the effects of geographic extension of the European Union, including the effects of Eastern enlargement of the EU on incumbent Western member countries. The second set of papers deals with the trade effects of WTO membership, with special focus on the so-called extensive country margin, where new in

Contents:

Preface; Acknowledgements; About the Author; Contents; 1. Introduction; 1 Economic Globalization 2.0; 1.1. Regional trading blocs; 1.2. GATT/WTO: Trade promotion or institutionalization of protection?; 1.3. High resolution globalization; 1.4. The missing element: International labor market; 2 Contents of the volume; 2.1. Modeling eastern enlargement of the EU; 2.2. The role of distance and WTO membership for trade; 2.3. Offshoring: A new form of trade, conventional mechanisms?; 2.4. International migration: Gains and pains?; References

Part I. Modeling EU-type Economic Integration: Eastern Enlargement of the EU2. Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries; 1 Introduction; 2 Eastern Enlargement of the EU; 3 A Model Based Analysis; 3.1. Main transmission channels; 3.2. Effects on present member countries; 4 Simulations with a CGE Model: The German Case; 4.1. The scenario; 4.2. Results; 5. Conclusions; Appendix: An Analytical Perspective; A.1. The Model; A.2. Households; A.3. Firms; A.4. Wage Bargaining; A.5. Equilibrium; A.6. Comparative Statics; A.7. The Computational Model

A.8. Migration ScenarioReferences; 3. Eastern Enlargement of the EU: A Comprehensive Welfare Assessment; 1 Introduction; 2 A Welfare Calculus of Enlargement; 2.1. A stylized model; 2.2. Trade effects; 2.3. Product differentiation and growth effects; 2.4. Immigration and labor market effects; 3 Indirect Quantification Based on CGE-Results; 3.1. The basic idea; 3.2. The simulation model; 3.3. Country-specific "enlargement shocks"; 4 Empirical Results; 5 Conclusion; Acknowledgements; References; Part II. The Role of Distance and WTO Membership for Trade

4. Exploring the Intensive and Extensive Margins of World Trade1 Introduction; 2 A Methodological View on the Distance Puzzle; 3 Decomposing the World Trade Expansion; 4 Modeling the Dual Margin of Globalization; 5 Estimation Results; 6 Conclusions; Appendix; Acknowledgements; References; 5. WTO Membership and the Extensive Margin of World Trade: New Evidence; 1 Introduction; 2 State of the Literature: Open Issues; 3 A Simple Model of the Extensive Margin; 4 An Empirical Model; 5 Data and Econometric Strategy; Trade; GATT/WTO Membership; Other Covariates; Econometric Strategy

6 Estimation ResultsA probit view on the extensive margin; Estimating the Full Non-linear Model; 7 Conclusion; Appendix; Acknowledgements; References; Part III. Offshoring: A New Form of Trade, Conventional Mechanisms?; 6. The Distributional Effects of International Fragmentation; 1 Introduction; 2 Why Production Becomes Fragmented; 2.1. Technology of fragmentation; 2.2. Equilibrium with integrated production; 2.3. Equilibrium with fragmentation; 2.4. The margin of fragmentation; 3 Globalization Shifts the Margin of Fragmentation; 3.1. Disturbance of the integrated production equilibrium

3.2. Possible adjustments

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters.

Description based on print version record.

ISBN:

981-4440-19-1