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Trade does not stimulate growth in economies with excessive business and labor regulations. The authors examine the effect of openness on growth using cross-country regressions in both levels and changes. Results from the levels regressions imply that increased openness is associated with a...
Persistent link: https://www.econbiz.de/10012559662
pressures for protection in agencies with economy-wide accountabilities. The World Trade Organization's procedural requirements …
Persistent link: https://www.econbiz.de/10012552471
This paper provides new survey evidence showing that loss aversion and reference dependence are important in shaping people's perception of trade policy. Under the assumption that agents' welfare functions exhibit these behavioral elements, we analyze a model with a welfare-maximizing government...
Persistent link: https://www.econbiz.de/10012559810
Peruvians a positive vision of Peru in the international economy and to extend the application of World Trade Organization … the international economy as an exploitive environment. The paper brings out the weakness of international obligations to … economy within the same rules that Argentina has so easily violated. …
Persistent link: https://www.econbiz.de/10012560730