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This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America … that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world-wide and this … catching up? Productivity growth certainly made their industries more competitive in home and foreign markets, but other forces …
Persistent link: https://www.econbiz.de/10008915805
catching up to the (world) efficiency standard given by foreign-owned firms; and the distance of the Russian firms to the … implementations of the Washington Consensus policies have thus not enabled domestic firms to start catching up to the world standard …
Persistent link: https://www.econbiz.de/10005792168
Protectionism enjoys surprising popular support, in spite of deadweight losses. At the same time, trade barriers appear … endogenously acquires more information about his sector of employment. As a result, voters support protectionism, because they …
Persistent link: https://www.econbiz.de/10009399721
rules altered at most the composition of crisis-era protectionism. As to the quantum of protectionism, it is unclear how WTO … during systemic economic crises. Realistically, the fate of the open world trading system must rely on other incentives to … refrain from protectionism. …
Persistent link: https://www.econbiz.de/10009365003
Based on evidence about industrial organization and market structure, this paper develops a CGE model with increasing returns to scale (IRTS) in selected industrial sectors in order to estimate the welfare gains Korea would achieve from abolishing the import restraints (tariffs and equivalent...
Persistent link: https://www.econbiz.de/10005662390
This paper addresses several questions of concern to economies excluded from the world's two major trading blocs <196 …-reducing for economies not included? Many would answer `yes', and some cite the increasing regionalization of world trade to … support that view. We suggest that this conclusion is probably unwarranted. It is true that the share of world trade that is …
Persistent link: https://www.econbiz.de/10005667022
The persistence of large trade and budget imbalances has led to increasing demands for protectionist policies. Despite a substantial theoretical literature there appears to be no empirical literature on the use of tariffs as a macroeconomic policy instrument. This paper fills that gap, using the...
Persistent link: https://www.econbiz.de/10005667059
This paper appraises the arguments that the creation of the EC has increased world protectionism <MI>relative to what …
Persistent link: https://www.econbiz.de/10005791325
We analyse a rich cross-country data set that contains information on attitudes toward trade as well as a broad range of socio-demographic, and other, indicators. We find that pro-trade preferences are significantly and robustly correlated with an individual's level of human capital, in the...
Persistent link: https://www.econbiz.de/10005791973
Drawing upon a comprehensive database of contemporary protectionism, this paper offers an initial assessment of the … extent to which our understanding of protectionism may have to evolve. While some long-standing features of protectionism …
Persistent link: https://www.econbiz.de/10008506838