Verification of the New Trade Theory in EU's Trade with CEECs

作者: Jarko Fidrmuc

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摘要: The new trade theory explains several features of the current development EU's with CEECs better than Heckscher-Ohlin model. In 1997, participated in European economy levels intraindustry comparable to peripheral EU countries. However, this induced increased specialization countries, which contrasts previous decades. is positively related growth wages and negatively interest rates.

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