IDEAS home Printed from https://ideas.repec.org/a/ier/iecrev/v36y1995i3p569-82.html
   My bibliography  Save this article

Piecemeal versus Precipitous Factor Market Integration

Author

Listed:
  • Dellas, Harris
  • de Vries, Casper G

Abstract

The effects of the speed of international factor markets integration are studied within a general equilibrium, two country model. It is shown that even in the absence of economic frictions there can be no theoretical presumption regarding the 'optimal' speed of integration. The paper identifies plausible conditions under which a precipitous pace leads to permanently lower and a piecemeal to permanently higher levels of income in the integrated economy. The analysis offers a justification based on long-term economic considerations for piecemeal European Community integration practices such as transition periods, admissions phasing out, and for the precipitous German unification. Copyright 1995 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Suggested Citation

  • Dellas, Harris & de Vries, Casper G, 1995. "Piecemeal versus Precipitous Factor Market Integration," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(3), pages 569-582, August.
    • Handle: RePEc:ier:iecrev:v:36:y:1995:i:3:p:569-82
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0020-6598%28199508%2936%3A3%3C569%3APVPFMI%3E2.0.CO%3B2-N&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andreas Schäfer & Thomas Steger, 2014. "Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 783-807, September.
    2. Jean-Marie Viaene & Itzhak Zilcha, 2000. "Optimal Education with Mobile Capital. An OLG Approach (new title: Optimal Public Education under Capital Mobility)," CESifo Working Paper Series 289, CESifo.
    3. Viaene, J.M. & Zilcha, I., 1997. "Capital Markets Integration , Growth and Income Distribution: A Dynamic Analysis," Papers 31-97, Tel Aviv.
    4. Christou, Costas, 2001. "Differential Borrowing Constraints and Investment in Human Capital," Journal of Macroeconomics, Elsevier, vol. 23(2), pages 277-295, April.
    5. Tang, Paul J. G. & Walde, Klaus, 2001. "International competition, growth and welfare," European Economic Review, Elsevier, vol. 45(8), pages 1439-1459, August.
    6. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Public education under capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2005-2036, October.
    7. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Capital markets integration, growth and income distribution," European Economic Review, Elsevier, vol. 46(2), pages 301-327, February.
    8. Mountford, Andrew, 1998. "Trade, convergence and overtaking," Journal of International Economics, Elsevier, vol. 46(1), pages 167-182, October.
    9. Mountford, Andrew, 1999. "Trade Dynamics and Endogenous Growth: An Overlapping-Generations Analysis," Economica, London School of Economics and Political Science, vol. 66(262), pages 209-224, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ier:iecrev:v:36:y:1995:i:3:p:569-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/deupaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.