Scott C. Bradford and Robert Z. Lawrence use the underlying data from purchasing power parity surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because they are comprehensive, and every effort has been made to ensure that they are comparable. Input-output tables are used to eliminate distribution margins from final goods prices and thereby provide estimates of ex-factory prices. Price differentials have been taken as measures of barriers, and the welfare effects of eliminating these barriers have been estimated in a general equilibrium model. The study also provides insights into the relative openness of individual OECD countries to the world economy and the degree to which Europe has become a single market.
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Scott C. Bradford was a Visiting Fellow at the Institute. He is an assistant professor at the department of economics, Brigham Young University. His research interests include international trade, political economy, and the Japanese economy. His work has appeared in The American Economic Review, The Review of Economics and Statistics, and the Journal of International Economics.
Robert Z. Lawrence was a senior fellow and also the Albert L. Williams Professor of Trade and Investment at the John F. Kennedy School of Government at Harvard University. He served as a member of President Clinton's Council of Economic Advisers from 1999 to 2000. He was the New Century Chair as a nonresident senior fellow at the Brookings Institution between 1997 and 1998.
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Zustand: New. Has globalization gone far enough? This study uses the underlying data from Purchasing Power Parity Surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. It also provides insights into the degree to which Europe has become a single market. Num Pages: 200 pages. BIC Classification: KCL. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 230 x 154 x 6. Weight in Grams: 168. . 2004. Paperback. . . . . Books ship from the US and Ireland. Artikel-Nr. V9780881323498
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Taschenbuch. Zustand: Neu. Neuware - How important are the remaining barriers to integration in international goods markets and how would eliminating them affect global and individual countries' welfare This book studies these questions using the most comprehensive price data available. Bradford and Lawrence find that there is considerable market fragmentation among industrial countries -- that is, firms charging different prices for similar products in different national markets -- even among countries with low tariff barriers. The authors estimate that integration among the eight countries in their sample -- Australia, Canada, Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States -- would raise global GDP by more than $500 billion, or about 2 percent. Remarkably, almost half the global gain in these eight countries could be reaped if Japan alone eliminated its international fragmentation. Artikel-Nr. 9780881323498
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