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This paper introduces the concept of a steepest ascent tariff reform for a small open economy. By construction, it is locally optimal in that it yields the highest gain in utility of any feasible tariff reform vector of the same length. Accordingly, it provides a convenient benchmark for the...
Persistent link: https://www.econbiz.de/10005181335
The physical or absolute geography of Sub-Saharan Africa (SSA) is often blamed for its poor economic performance. A country’s location however not only determines its absolute geography, it also pins down its relative position on the globe vis-à-vis other countries. This paper assesses the...
Persistent link: https://www.econbiz.de/10005181360
of the domestic service sector becomes increasingly important as tariffs are reduced. Empirically, lack of service …
Persistent link: https://www.econbiz.de/10005181406
According to the literature, well known tariff reform rules that are guaranteed to increase welfare will not necessarily increase market access, while rules that are guaranteed to increase market access will not necessarily increase welfare. Such conflict between welfare and market access...
Persistent link: https://www.econbiz.de/10011103392
and economic liberalization affect governments’ respect for human rights using a panel of 106 countries over the 1981 …
Persistent link: https://www.econbiz.de/10008727302
of worker. Our analysis reveals that the effects of a liberalization on human capital ac-cumulation, income and … inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … decreases and the liberalization path has stochastic dominance over the Baseline-As-Usual. These results are very robust to our …
Persistent link: https://www.econbiz.de/10010736743
We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....
Persistent link: https://www.econbiz.de/10010877959
convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …
Persistent link: https://www.econbiz.de/10010721608
distance. Furthermore, there is little evidence of income convergence. Using various methods and data sets, we show that many …
Persistent link: https://www.econbiz.de/10005766052
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …
Persistent link: https://www.econbiz.de/10005766053