EuroInt, Lecture #8: Convergence in TFP: Technology, Markets, Institutions, or Rule of Law?
Overview:
• The big four mechanisms of economic integration and failures of these mechanisms
• The biggest failure: TFP convergence? Why?
• Ricardian trade (productivity differences)
• Intra-industry trade and considering both gains and losses of product market integration
• Scale economies of nations: Externalities, common
regulatory standards, rule of law
by Prof. Burda
#macroeconomics #europe #integration #globalization #TFP #technology #markets #institutions #trade
further helpful content:
Macroeconomics I: / watchv=g4gv3vy1idg&list=pljzlw3ik4xiz6jd1i...
Macroeconomics II:
/ watchv=aozq9gdiopw&list=pljzlw3ik4xiwwiq6p...
MacroNotes:
• MacroNotes - 1. Introduction