Showing 1 - 10 of 44
This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...
Persistent link: https://www.econbiz.de/10005014570
Agricultural support is often advocated as a means to national security. This is misguided. At current levels of consumption there is considerable scope for substitution away from food without catastrophic welfare losses, and even in the total absence of imports the United Kingdom could feed...
Persistent link: https://www.econbiz.de/10005662234
In this paper we provide an economic assessment of the Uruguay Round agreements on tariffs, textiles and clothing, and agriculture, highlighting scale economies, imperfect competition, and dynamic linkages between trade, incomes, and investment. We present estimates of the welfare effects of the...
Persistent link: https://www.econbiz.de/10005791471
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10011083351
distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from … is that the nominal distribution of income could give a misleading picture of tensions in society, both within and across …
Persistent link: https://www.econbiz.de/10005666575
This Paper studies the role played by distribution costs in shaping the behaviour of the real exchange rate during … exchange-rate-based stabilizations. We document that distribution costs are very large for the average consumer good: the … represent more than 40% of the retail price in the US and 60% of the retail price in Argentina. Distribution services require …
Persistent link: https://www.econbiz.de/10005791855
The paper examines the welfare gains from North-South trade and their distribution. We construct an endogenous growth …
Persistent link: https://www.econbiz.de/10005792247
A democratic society in which the distribution of wealth is unequal elects political parties which tend to represent …
Persistent link: https://www.econbiz.de/10005792370
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this Paper we present evidence on another, related phenomenon: the dramatic reversal in...
Persistent link: https://www.econbiz.de/10005123980
This paper analyses how political institutions, wealth distribution and economic activities affect each other during … played by the initial distribution of wealth in determining the long-run pattern of political participation and economic …
Persistent link: https://www.econbiz.de/10005124016