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Euopean Economic
Integration |
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| Abstract: An empirical study of European economic integration and the effect of said integration on factor incomes and factor trade between France and (West) Germany. In paticular it employs two nonlinearly estimated quadratic production functions which have been modified using the Cholesky transformation. In addition, two trade scenarios are examined: one, factor mobility in labor; and two, factor mobility in both labor and capital. Pre- and post-integration results are also provided along with employed labor demand and supply elasticities, as well as elasticities of factor substitution for each country. The national and international policy implications of these results are presented. | |||
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pnw.pdf |
pnw-appendix.pdf |
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