Showing 1 - 10 of 155
WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … formalizes the underlying interaction of risk, fixed export costs and firms’ market entry decisions based on techniques known …
Persistent link: https://www.econbiz.de/10008534023
manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO …. The instruments used include export taxes, price controls, production quotas, and domestic producer and consumer taxes …
Persistent link: https://www.econbiz.de/10010540254
This paper studies the relationship between export policy and food prices. We show that, when individuals are loss … complementarity between the price of food in international markets and export policy. Specifically, unilateral actions by exporting …, governments respond by imposing export restrictions (subsidies), thus exacerbating the initial shock and soliciting further export …
Persistent link: https://www.econbiz.de/10010542015
endogenous, the LNG export benefit can drop by as much as 20-50% relative to the case of exogenous cost. …
Persistent link: https://www.econbiz.de/10011185622
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...
Persistent link: https://www.econbiz.de/10005765950
Brazil's trade liberalization between 1990 and 1993, and its partial reversal in 1995, are used to study how reduced inward trade barriers affect productivity. The production function of Brazilian manufacturers is estimated at the ISIC3 two-digit level under various alternatives, including an...
Persistent link: https://www.econbiz.de/10005766072
The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...
Persistent link: https://www.econbiz.de/10005766163
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a...
Persistent link: https://www.econbiz.de/10008534046
This paper considers the relationship between tax competition and growth in an endogenous growth model where there are stochastic shocks to productivity, and capital taxes fund a public good which may be for final consumption or an infrastructure input. Absent stochastic shocks, decentralized...
Persistent link: https://www.econbiz.de/10005094316
We analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern entrepreneurs. Top Northern production technologies are imitated by the South. In the North, there is wage bargaining...
Persistent link: https://www.econbiz.de/10008583672