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Keuschnigg, Christian; Ribi, Evelyn - C.E.P.R. Discussion Papers - 2009

In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a corporate finance model of investment and derive three...

Persistent link: https://www.econbiz.de/10005082537

India's Trade Policy For Sale: How Much? Who Buys?

Cadot, Olivier; Grether, Jean-Marie; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2003

This Paper proposes a new method to test the Grossman-Helpman model of endogenous protection and lobby formation. This … trade protection purposes and calculates equilibrium contributions directly from the model using structural parameter … counter-lobbying from downstream users on endogenous protection. Applied to India, it yields results that are qualitatively …

Persistent link: https://www.econbiz.de/10005661615

Russia's European Economic Integration: Escapism and Realities

Hamilton, Carl B - C.E.P.R. Discussion Papers - 2003

Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and the EU has concluded negotiations enlarging the union with ten new members. Against this background, what economic relationship can EU and Russia develop? The Paper analyses the...

Persistent link: https://www.econbiz.de/10005667019

Innovation, Trade, and Finance

Egger, Peter; Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2011

comparative advantage in producing innovative goods. We illustrate how protection, R&D subsidies, and financial sector development …

Persistent link: https://www.econbiz.de/10009150949

Winners and Losers of Services Liberalization

Thenuwara, H.N. - In: South Asia Economic Journal 12 (2011) 2, pp. 307-322

In this research note, we develop a model of the services sector liberalization through Modes 3 and 4 where capital is brought to the home country. Foreign capital owners compete with domestic capital owners in producing services. Results in this research note show that domestic labour is better...

Persistent link: https://www.econbiz.de/10010683618

Indiaâ€“Sri Lanka Bilateral Trade

Sikdar, Chandrima - In: South Asia Economic Journal 11 (2010) 2, pp. 155-180

The Indiaâ€“Sri Lanka Free Trade Agreement (ISFTA) was signed between India and Sri Lanka in December 1998 and came into operation in March 2000. It is now 10 years since this FTA has been signed and during this period the bilateral trade between these two economies has reached new heights...

Persistent link: https://www.econbiz.de/10011135986

Sources of Comparative Advantage in Polluting Industries

Broner, Fernando A; Bustos, Paula; Carvalho, Vasco M - C.E.P.R. Discussion Papers - 2012

We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...

Persistent link: https://www.econbiz.de/10011083788

Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence

Costinot, Arnaud; Donaldson, Dave - C.E.P.R. Discussion Papers - 2012

When asked to name one proposition in the social sciences that is both true and non-trivial, Paul Samuelson famously replied: `Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative advantage is mathematically...

Persistent link: https://www.econbiz.de/10011083983

Comparative Advantage and Optimal Trade Policy

Costinot, Arnaud; Donaldson, Dave; Vogel, Jonathan; … - C.E.P.R. Discussion Papers - 2013

The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors...

Persistent link: https://www.econbiz.de/10011083995

Skills and changing comparative advantage: The case of Japan

Kiyota, Kozo - In: Japan and the World Economy 28 (2013) C, pp. 33-40

Is the skill gap of net exports widening? This question is nontrivial for many industrial countries because, with the rapid growth of emerging countries, human capital is considered one of the most important sources of comparative advantage. Theoretically, however, the answer is not necessarily...

Persistent link: https://www.econbiz.de/10011056236