Showing 1 - 10 of 27,649
In this chapter I explain an innovative modeling approach that incorporates services, foreign direct investment (FDI) and endogenous productivity effects from services. I begin with a small stylized model to help understand the fundamental economics. The model shows that services liberalization...
Persistent link: https://www.econbiz.de/10014025285
Despite the fact that many modern preferential trade agreements include commitments to foreign investors in imperfectly competitive services sectors, the literature has not established conditions under which these agreements are beneficial or harmful. The authors fill that void by developing a...
Persistent link: https://www.econbiz.de/10011386602
This paper analyses tax competition between two countries of unequal size trying to attract a foreign-owned monopolist. When regional governments have only a lump-sum profit tax (subsidy) at their disposal, but face exogenous and identical transport costs for imports, then both countries will...
Persistent link: https://www.econbiz.de/10005136406
In this chapter I explain an innovative modeling approach that incorporates services, foreign direct investment (FDI) and endogenous productivity effects from services. I begin with a small stylized model to help understand the fundamental economics. The model shows that services liberalization...
Persistent link: https://www.econbiz.de/10010719531
A multinational firm’s location decision depends not only on the host country’s tax and trade policies. Another country can use trade policy to influence the firm’s location decision. When countries form a free trade agreement (FTA), FDI destruction is possible.
Persistent link: https://www.econbiz.de/10010662379
The recent surge in competition between state and private firms in global markets calls for a reflection on how to minimise any potentially distortionary effects on international trade and investment created by state enterprises while at the same time restraining any undue protectionist policy...
Persistent link: https://www.econbiz.de/10011403604
Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members …. We show that monetary fines are more efficient than tariffs in terms of granting compensation to injured parties when … violating country. If fines must ultimately be supported by the threat of retaliatory tariffs, they fail to yield a more …
Persistent link: https://www.econbiz.de/10005656251
This paper assesses the effects of reducing tariffs under the Doha Round on market access for developing countries. It … coverage or complex rules of origin. Thus lowering tariffs under the multilateral system is likely to lead to a net increase in …
Persistent link: https://www.econbiz.de/10005666534
distinguish between productivity gains arising from lower tariffs on final goods relative to those on intermediate inputs. Lower … output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs can … tariffs. A 10 percentage point fall in output tariffs increases productivity by about 1%, whereas an equivalent fall in input …
Persistent link: https://www.econbiz.de/10005791433
Using a repeated game approach, this paper models a North-South trade agreement under which North offers South improved market access (via a tariff reduction) if South agrees to prevent local imitation by strengthening its protection of intellectual property rights (IPRs). We show that such an...
Persistent link: https://www.econbiz.de/10005792159