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dc.contributor.authorBröcker, Johannesen
dc.date.accessioned2012-07-20T11:39:38Z-
dc.date.available2012-07-20T11:39:38Z-
dc.date.issued2004-
dc.identifier.citation|tSpatial implications of the European Monetary Union|s3-88838-232-7|bStudies in Spatial Development|x6|nAkademie für Raumforschung und Landesplanung|lHannover|y2004|p27-43en
dc.identifier.urihttp://hdl.handle.net/10419/59985-
dc.description.abstractThis paper estimates welfare effects resulting from reduced transaction costs in international trade, using a static multiregional general equilibrium model. The kernel of the model is the trade part specified in Dixit-Stiglitz-style. Interregional trade shows a gravity pattern due to transaction costs depending on distance. Transaction cost reductions brought about by EMU are based on econometric estimates by GLICK and ROSE, relying on trade intensification following the establishment of other currency unions worldwide. According to our results EMU could imply a welfare gain for the participating countries amounting to 1% of GDP annually. Our simulation results show that this concern that the spatial effect of EMU might contradict the cohesion objectives of the European Union is not to be substantiated. Regions close to the borders are supposed to have the highest trade intensities with partner countries and therefore gain most from saving of transaction costs in international trade.en
dc.language.isoengen
dc.publisher|aVerlag der ARL - Akademie für Raumforschung und Landesplanung |cHannoveren
dc.subject.ddc330en
dc.titleRegional welfare effects of the European Monetary Union-
dc.typeBook Parten
dc.identifier.ppn719004462en
dc.relation.ispartofhdl:10419/59967en
dc.relation.ispartofhttp://econpapers.repec.org/RePEc:zbw:arlssd:6en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:arlssc:59985en
econstor.citation.compilationtitleSpatial implications of the European Monetary Unionen
econstor.citation.isbn3-88838-232-7en
econstor.citation.seriesStudies in Spatial Developmenten
econstor.citation.seriesnumber6en
econstor.citation.publisherAkademie für Raumforschung und Landesplanungen
econstor.citation.publisherplaceHannoveren
econstor.citation.year2004en
econstor.citation.startpage27en
econstor.citation.endpage43en

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