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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

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

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

The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices

Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011

What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...

Persistent link: https://www.econbiz.de/10009275961

Asymmetric Regionalism in Sub-Saharan Africa: Where Do We Stand?

Cadot, Olivier; de Melo, Jaime; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 1999

The paper reviews the likely economic effects of the Regional Economic Partnership Agreements (REPAs) proposed by the EU to the ACP countries to succeed to the Lomé IV agreements. We argue that, in spite of some likely positive effects because of reciprocity and because of the North-South...

Persistent link: https://www.econbiz.de/10005666928

Making Sense of Bolkestein-Bashing: Trade Liberalization Under Segmented Labour Markets

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2005

Trade liberalization is often met with sharp opposition. Recent examples include the so-called ‘Bolkestein’ directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of...

Persistent link: https://www.econbiz.de/10005123997

Globalization and Inflation in Europe

Auer, Raphael; Degen, Kathrin; Fischer, Andreas M - C.E.P.R. Discussion Papers - 2010

What is the impact of import competition from other low-wage countries (LWCs) on inflationary pressure in Western Europe? This paper seeks to understand whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany,...

Persistent link: https://www.econbiz.de/10008784764

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

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