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: kzbin.info/www/bejne/nWWqh2asjpacesk
Macroeconomics II:
kzbin.info/www/bejne/l4C9omx9ea6iptk
MacroNotes:
kzbin.info/www/bejne/iZnWoX-ajLZog7M