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.
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 international integration, since they
provide a consistent database that can be used to analyse many
economic aspects, such as technology, specialisation,
intra-industry trade, economic growth, sectoral distribution, and
direct and indirect effects.
This book will be especially useful to Regional Economists and
Economists specialising in international trade, input-output
analysis or European integration.
General
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