Description
Book SynopsisThis 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 international trading relationships are formed. The third set of papers focuses on immigration, offering a rigorous theoretical analysis of the so-called immigration surplus as well as an econometric estimation of the gains and pain that Germany has forgone by initially restricting immigration from new EU member countries after the EU's Eastern enlargement in 2004. And finally, the book contains a set of theoretical papers on the distributional effects of offshoring.
Table of ContentsDynamic Effects of Tariff Liberalization: An Intertemporal CGE Approach; Commercial Policy and Dynamic Adjustment Under Monopolistic Competition; Austria in the European Union: Dynamic Gains From Integration and Integration and Distributional Implications; Eastern Enlargement of the EU: A Dynamic General Equilibrium Perspective; Innovation, Capital Accumulation and Economic Transition; An Incumbent Country View on Eastern Enlargement of the EU; Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries; Eastern Enlargement of the EU: A Comprehensive Welfare Assessment; The Lisbon Goal of the EU: Rhetoric or Substance; The WTO Dispute Settlement Mechanism: Battlefield or Cooperation; Exploring the Intensive and Extensive Margins of World Trade; Does WTO Membership Make a Difference at the Extensive Margin of World Trade?; WTO Membership and the Extensive Margin of World Trade: New Evidence; Restrictive Immigration Policy in Germany: Pains and Gains Foregone?; Can International Migration Ever Be Made a Pareto Improvement?; Immigration and Native Welfare; Immigration and Wages in General Equilibrium: A Theoretical Perspective; A Specific-Factors View on Outsourcing; The Distributional Effects of International Fragmentation; Aspects of International Fragmentation; International Outsourcing and Factor Prices With Multistage Production; The Bazaar Effect, Unbundling of Comparative Advantage, and Migration; Offshoring: Why Do Stories Differ?; Sourcing Premia With Incomplete Contracts: Theory and Evidence.
