Showing 1 - 8 of 8
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/10012474373
Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...
Persistent link: https://www.econbiz.de/10012471715
This study focuses on the role of trade and trade policy in achieving sustained long-term growth in Africa. One major conclusion is that trade policy in Sub-Saharan Africa works much the same way that it does elsewhere. High levels of trade restrictions have been an important obstacle to exports...
Persistent link: https://www.econbiz.de/10012472246
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export booms in other, non-East Asian countries such as Chile and Turkey. First, these booms have taken place in the context of comparatively small changes in relative prices in favor of...
Persistent link: https://www.econbiz.de/10012473530
Three questions lie at the core of the large and distinguished literature on the political economy of trade policy … as likely as trade-restricting interventions. The greatest contribution of the political economy literature may lie in …
Persistent link: https://www.econbiz.de/10012474041
uniformity, credibility, political economy, and interactions with stabilization policy. The penultimate section reviews the …
Persistent link: https://www.econbiz.de/10012474533
Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case; many...
Persistent link: https://www.econbiz.de/10012475768
We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little 'policy experimentation.' Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10012469577