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U.S. Multinationals and Preferential Market Access
Blanchard, Emily; Matschke, Xenia - CESifo - 2012
This paper examines the relationship between offshoring activity by U.S. multinational firms and the structure of U.S trade preferences. We combine firm level panel data on U.S. foreign affiliate activity from the U.S. Bureau of Economic Analysis (BEA) with detailed measures of U.S. trade...
Persistent link: https://www.econbiz.de/10010553272
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The Economics of a Multilateral Investment Agreement
Che, Jiahua; Willmann, Gerald - CESifo - 2009
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...
Persistent link: https://www.econbiz.de/10005766152
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The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries
Degryse, Hans; Lambert, Thomas; Schwienbacher, Armin - CESifo - 2013
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10010877814
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On the Political Economics of Tax Reforms
Castanheira, Micael; Nicodème, Gaëtan J.A.; Profeta, Paola - CESifo - 2011
There is often a gap between the prescriptions of an “optimal” tax system and actual tax systems, some of which can be neither efficient economically nor efficient at redistributing income. With a focus on personal income taxes, this paper reviews the political economics literature on tax...
Persistent link: https://www.econbiz.de/10009224873
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A Model of Strategic Delegation in Contests between Groups
Brandauer, Stefan; Englmaier, Florian - CESifo - 2006
We analyze a contest between two groups where group members have differing valuations for the contested rent. Generically the pivotal group member with the median valuation of the rent will not act himself but will want to send a group member that has preferences different to her own into the...
Persistent link: https://www.econbiz.de/10005406314
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The Democratization of Rent Seeking in Greece
Moutos, Thomas; Pechlivanos, Lambros - CESifo - 2013
We describe the evolution of the power struggle in Greece among key economic and political stakeholders, who have tried, via strategic positioning and rent-seeking activities, to influence economic policy outcomes during the postwar decades. We split the postwar decades in three periods: the...
Persistent link: https://www.econbiz.de/10010679379
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On the Political Economy of High Skilled Migration and International Trade
Bougheas, Spiros; Nelson, Douglas R. - CESifo - 2012
We develop a two-country, two-sector model with a continuum of workers to address the link between migration and trade where policy is determined by a simple referendum. In particular, we address two questions. First, are states already in free trade areas more likely to support full integration...
Persistent link: https://www.econbiz.de/10010556846
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Neo-Protectionism and the European Lobbies
Belloc, Marianna - CESifo - 2014
This paper empirically explores the connection between two recent phenomena in the European scenario: the dramatic upsurge of non-tariff trade measures and the remarkable rise in the role of European business lobbies. While these two facts have been widely recognized by the international trade...
Persistent link: https://www.econbiz.de/10010781541
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Trade Linkages and the Globalisation of Inflation in Asia and the Pacific
Auer, Raphael A.; Mehrotra, Aaron - CESifo - 2014
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...
Persistent link: https://www.econbiz.de/10010764299
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International Trade, Union Wage Premia, and Welfare in General Equilibrium
Kreickemeier, Udo; Meland, Frode - CESifo - 2011
We study how two distinct forms of globalisation, trade cost reductions and opening up of trade in previously shielded … equilibrium (GOLE) with partly unionised labour markets. We find that both forms of globalisation increase union coverage, and … aggregate welfare are affected differently by the two types of globalisation. Trade cost reductions in open sectors always lead …
Persistent link: https://www.econbiz.de/10008914268