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Francois, Joseph; Nelson, Doug R - C.E.P.R. Discussion Papers - 1998

Division of labour models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical...

Persistent link: https://www.econbiz.de/10005656255

The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality

Hemous, David; Olsen, Morten - C.E.P.R. Discussion Papers - 2014

We construct an endogenous growth model of directed technical change with automation (the introduction of machines … are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as … low-skill wages increase, investment in automation is stimulated, which depresses the future growth rate of low …

Persistent link: https://www.econbiz.de/10011084688

Patterns of World Trade in Manufactures: Does Trade Policy Matter?

Winters, L. Alan - C.E.P.R. Discussion Papers - 1987

This paper surveys the broad patterns of world trade in manufactures since about 1960. While the bulk of manufactured exports came initially from relatively few large industrial countries, developing countries have encroached seriously upon their markets in recent years. The newly industrialized...

Persistent link: https://www.econbiz.de/10005504516

External Debt and Political Instability

Ozler, Sule; Tabellini, Guido - C.E.P.R. Discussion Papers - 1991

This paper provides a theoretical and empirical analysis of the role played by domestic political incentives in the accumulation of large external debts by developing countries between 1972 and 1981. The theoretical model characterizes two equilibrium regimes. In one the borrower is on its...

Persistent link: https://www.econbiz.de/10005504639

Fear of Floating and Pegging: A Simultaneous Choice Model of De Jure and De Facto Exchange Rate Regimes

von Hagen, Jürgen; Zhou, Jizhong - C.E.P.R. Discussion Papers - 2008

We present an analysis of the determinants of de jure and de facto exchange rate regimes based on a panel probit model with simultaneous equations. The model is estimated using simulation-based maximum likelihood methods. The empirical results suggest a triangular structure of the model such...

Persistent link: https://www.econbiz.de/10005497731

Dollarization and Exchange Rate Fluctuations

Honohan, Patrick - C.E.P.R. Discussion Papers - 2007

Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars to be explained in terms of national policies...

Persistent link: https://www.econbiz.de/10005497830

Exports and Information Spillovers

Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2000

Exporters’ performance in a particular market may affect their future exports to the rest of the world. Importers may base their future transaction decisions upon the information revealed by exporters’ past performance in other countries. Similarly, exporters acquire valuable information on...

Persistent link: https://www.econbiz.de/10005497848

World Oil Prices and Output Losses in Developing Countries

Pearce, David; Westoby, Richard - C.E.P.R. Discussion Papers - 1985

The purpose of this paper is to measure the impact of the 1979 oil price "hike" on a selected group of developing countries. The model used for this exercise is an adaptation of a straightforward income-determination model in which domestic oil revenues are treated as a "tax" revenue from oil...

Persistent link: https://www.econbiz.de/10005497859

Trade, Trade Policy and Poverty: What Are The Links?

Winters, L. Alan - C.E.P.R. Discussion Papers - 2000

This paper traces the links from trade shocks to poverty in developing countries. It considers the determinants of household and individual welfare (including potential differences between household members) and then identifies six trade-to-poverty links: the extent to which prices change and...

Persistent link: https://www.econbiz.de/10005497893

Who Profits from Trade Facilitation Initiatives?

Hoekman, Bernard; Shepherd, Ben - C.E.P.R. Discussion Papers - 2013

Extensive research has demonstrated the existence of large potential welfare gains from trade facilitation—measures to reduce the overall costs of the international movement of goods. From an equity perspective an important question is how those benefits are distributed across and within...

Persistent link: https://www.econbiz.de/10011083525