We examine whether international trade improves labour market integration of immigrants in Sweden. Immigrants participate substantially less than natives the market. However, trading with a foreign country is expected to increase demand for from that country. By hiring immigrants, firm may access knowledge and networks needed overcome information frictions trade. Using granular longitudinal mat...

Motivated by increasing trade and fragmentation of production across countries, accompanied income convergence many emerging economies, we build a dynamic two-country model featuring sequential, multi-stage capital accumulation. As costs decline over time, global-value-chain (GVC) expands particularly more in the faster-growing country, consistent with empirical pattern. Via Heckscher–Ohlin for...

Recently, a new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in ASEAN, especially since the 19971998 Asian financial crisis. According to the optimum currency area theory, the degree of trade integration is one most important criterion for joining a currency union. The large increase in intra-ASEAN trade in recent years natural...