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Membership has its Privileges - The Effect of Membership in International Organizations on FDI
Dreher, Axel; Mikosch, Heiner; Voigt, Stefan - CESifo - 2010
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that...
Persistent link: https://www.econbiz.de/10008727297
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Does Membership in International Organizations Increase Governments’ Credibility? Testing the Effects of Delegating Powers
Dreher, Axel; Voigt, Stefan - CESifo - 2008
This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...
Persistent link: https://www.econbiz.de/10005181427
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Self-Enforcing International Environmental Agreements and Trade: Taxes Versus Caps
Eichner, Thomas; Pethig, Rüdiger - CESifo - 2014
This paper studies within a multi-country model with international trade the stability of international environmental agreements (IEAs) when countries regulate carbon emissions either by taxes or caps. Regardless of whether coalitions play Nash or are Stackelberg leaders the principal message is...
Persistent link: https://www.econbiz.de/10010948902
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Does China Still Have a Labor Cost Advantage?
Ceglowski, Janet; Golub, Stephen - CESifo - 2011
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998-2009. Between 1998 and 2003 China’s unit labor costs...
Persistent link: https://www.econbiz.de/10009323303
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Reciprocity, World Prices and Welfare
Raimondos-Møller, Pascalis; Woodland, Alan D. - CESifo - 2011
fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices … in a world of many goods and countries. While it is possible to find tariff reforms that are consistent with both … reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement …
Persistent link: https://www.econbiz.de/10009324094
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Price Equalization Does Not Imply Free Trade
Mutreja, Piyusha; Ravikumar, B.; Riezman, Raymond; … - CESifo - 2013
In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...
Persistent link: https://www.econbiz.de/10010607838
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Trade Agreements
Kowalczyk, Carsten; Riezman, Raymond - CESifo - 2009
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10004979401
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Rent Taxation and its Intertemporal Welfare Effects in a Small Open Economy
Köthenbürger, Marko; Poutvaara, Panu - CESifo - 2007
Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase...
Persistent link: https://www.econbiz.de/10005405753
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Zooming Out: The Trade Effect of the Euro in Historical Perspective
Berger, Helge; Nitsch, Volker - CESifo - 2005
In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...
Persistent link: https://www.econbiz.de/10005405814
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Self-Enforcing Environmental Agreements and International Trade
Eichner, Thomas; Pethig, Rüdiger - CESifo - 2013
traded on world markets. When signatory countries act as Stackelberg leader and emissions are positive, the size of stable …
Persistent link: https://www.econbiz.de/10010703426