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The objective of the paper is to answer an often-asked question : if tariff rates are reduced, what will happen to wage inequality ? We consider two types of wage inequality : between occupations (skills premium), and between industries. We use two large data bases of wage inequality that have...
Persistent link: https://www.econbiz.de/10005408336
The objective of the paper is to answer an often-asked question : if tariff rates are reduced, what will happen to wage inequality ? We consider two types of wage inequality : between occupations (skills premium), and between industries. We use two large data bases of wage inequality that have...
Persistent link: https://www.econbiz.de/10005119296
The Generalized System of Preferences (GSP), the program instituted in 1976 that allows developing countries to export … the ability of the GSP program to encourage U.S. imports from beneficiary countries. This paper estimates the impact of U ….S. tariff reductions on imports from the developing world using a panel of import data from 76 countries and 2,389 GSP …
Persistent link: https://www.econbiz.de/10005119327
This paper reviews the evolution of thinking about regional trade agreements (RTAs) and the policy developments … message of the theory of second-best about the ambiguity of outcomes remains valid. Describing many RTAs as free trade … agreements distorts the meaning of “free trade” and deeper integration in some regions undermines use of the nation state as the …
Persistent link: https://www.econbiz.de/10005556419
A key element of the EU’s free trade and preferential trade agreements is the extent to which they deliver improved … in Europe, including the countries of the Balkans. Previous preferential trade schemes have been ineffective in …’ agreement and free trade agreements with countries in the Balkans to generate substantial improvements in access to the EU …
Persistent link: https://www.econbiz.de/10005556447
This paper was one input to the Australian Government’s decision to remove tariffs on imports from the least developed … countries. The Commission’s analysis suggests that removing tariffs on imports from these countries could significantly boost … imports from these countries, particularly of clothing, and would have little impact on prices, incomes or jobs in Australia. …
Persistent link: https://www.econbiz.de/10005119295
Conventional wisdom has it that the Mexican crisis of 1994-95 was "the first financial crisis of the 21st century." In this paper I argue that it may be better understood as the last financial crisis of the 19th. The crisis in Mexico exhibits striking similarities to the Baring Crisis of 1890,...
Persistent link: https://www.econbiz.de/10005119232
In this paper, the author presents a simple theoretical framework to discuss the potential contributions of free trade … Development in Turkey: A Model for Palestine?", October 26-30, 1995, Antalya, Turkey. (This Version: February 5, 1996) …
Persistent link: https://www.econbiz.de/10005062651
the worldwide liberalized trade policies in agriculture, which raise the price of the economy’s primary exportable … of the agricultural trade liberalization policies, e.g. the removal of the indirect farm subsidies, the paper argues that …
Persistent link: https://www.econbiz.de/10005556491
-partner countries even though export- platform type FDI will rise. The reason is the offsetting effect from trade diversion, which … integration with developed countries. Foreign investment is subject to sovereign risk and free trade agreements may serve as a … sunk investments in expanding export sectors, can indeed increase the level of self-enforcing FDI. While one might expect …
Persistent link: https://www.econbiz.de/10005119316