Showing 1 - 10 of 357
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast as a quality-adjusted drop in the price of prediction. How will this sharp drop in price impact society? Policy will...
Persistent link: https://www.econbiz.de/10012916896
By international standards, and given its relatively low per capita income, Vietnam has achieved substantial reductions … inequalities in child survival are evident in Vietnam-a change from the early 1990s when none were apparent. The authors develop … progress among the poor will jeopardize Vietnam's chances of achieving the international development goals for child mortality …
Persistent link: https://www.econbiz.de/10012559592
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain … this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization …. Relating these changes to the empirical growth literature, the author finds that Vietnam's growth acceleration is about what …
Persistent link: https://www.econbiz.de/10012559599
This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff uncertainty exhibit relative declines in investment...
Persistent link: https://www.econbiz.de/10012941175
In thinking about policy, academic economists alternate between theoretical models in which governments can design finely-tuned optimal interventions and practical considerations which usually assume the government to be incompetent and hostage to special interests. I argue in this paper that...
Persistent link: https://www.econbiz.de/10013222055
The Islamic Republic of Iran has committed itself to substantial trade and market reform in its Third Five-Year Development Plan. It started out with nontariff barriers on all products, a dual exchange rate regime with the market rate more than four times the official rate, and domestic energy...
Persistent link: https://www.econbiz.de/10012559529
Persistent link: https://www.econbiz.de/10011608226
The last two decades have witnessed a shift in the focus of international trade research from trade policy to other forms of trade frictions (e.g., transportation, information and communication costs). Implicit in this development is the widespread view that trade policy no longer matters. We...
Persistent link: https://www.econbiz.de/10012999464
This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining...
Persistent link: https://www.econbiz.de/10012947648