Showing 1 - 10 of 126
the span between the start of trade talks and their conclusion. We use data from 88 regional trade agreements between 1988 …
Persistent link: https://www.econbiz.de/10011083302
This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup with a continuum of regions. Thus, it is a full...
Persistent link: https://www.econbiz.de/10011084727
One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...
Persistent link: https://www.econbiz.de/10005789181
two "integration episodes", the development of an economic union between Portugal and its African colonies and the … establishment of democratic socialism since then. The paper contrasts the recent economic experience of Portugal with its neighbour … Spain. The view that EC membership is desirable because it ensures Portugal against dictatorship is also examined and …
Persistent link: https://www.econbiz.de/10005792495
When the 1987 general elections brought a durable government to Portugal, the national environment was still … inflationary. Nevertheless, thanks to the efforts of successive ministers of finance/central bank governor pairs, the criteria for … realignment, was more stable in the ERM than when it was inconvertible and the central bank controlled the currency. The …
Persistent link: https://www.econbiz.de/10005123635
This paper reviews the traditional ambiguity of Portuguese policy towards external liberalization. Product and labour markets have become segmented as a result of the soft budget constraint faced by large corporations and job protection in the public sector. Relaxation of entry requirements into...
Persistent link: https://www.econbiz.de/10005281308
, economies of scale, and have been heavily protected from international competition in Portugal and Spain. The `costs of non …
Persistent link: https://www.econbiz.de/10005281309
economic agents, competition policies are usually included in the legal framework that regulates economic activities. Portugal …
Persistent link: https://www.econbiz.de/10005114491
detailed customs and firm-product-level data from Portugal. We use exchange-rate movements as a source of variation in export …
Persistent link: https://www.econbiz.de/10011083348
This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy...
Persistent link: https://www.econbiz.de/10005792256