An Input-Output Analysis of European Integration
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Автор | | Alex R. Hoen, A. Hoen |
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Содержание:
Introduction: The Austrian Theory in Perspective, The "Austrian" Theory of the Trade Cycle, Money and the Business Cycle, Economic Depressions: Their Cause and Cure, Can We Still Avoid Inflation?, The Austrian Theory: A Summary
Описание:
Hardbound. 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 conclusionsof 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. The empirical analyses use intercountry input-output tables in constant prices with 6 EU countries (Germany, France, Italy, The Netherlands, Belgium and Denmark) of the years 1970, 1975, 1980 and 1985. These data prove to be a valuable contribution to analysing the economic effects of internationaПохожие книги