Showing 1 - 9 of 9
Developing countries have been facing substantial adjustment costs in their endeavor in implementing trade reform. To lessen the adjustment costs of trade reform and to diffuse political support for protection a uniform tariff policy has often been recommended. The present paper examines the...
Persistent link: https://www.econbiz.de/10005062647
This paper summarizes new developments in world trade, technological changes worldwide and their implications for recent theoretical studies in economics. After defining the economic globalization and schematizing its relations with international trade, economic growth and technological change,...
Persistent link: https://www.econbiz.de/10005556465
This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained by the geography of access to markets and to sources...
Persistent link: https://www.econbiz.de/10005556472
Can Africa's current state of under-development be partially attributed to the large trade in slaves that occurred … Africa between 1400 and 1913. I find the number of slaves exported from a country to be an important determinant of economic …
Persistent link: https://www.econbiz.de/10005556428
the WTO for Africa using a framework that explicitly incorporates issues of concern to the region, such as preference … on economic welfare and specialisation in Africa. In the static version of the GTAP model, the study finds that full … African region. Sub-Saharan Africa and, to a lesser extent, Southern Africa, are vulnerable to partial trade reforms as they …
Persistent link: https://www.econbiz.de/10005556452
The paper provides empirical estimates for import and revenue implications that would follow implementation of the planned customs union between the East African Community member states Kenya, Tanzania, and Uganda. We use 2002 trade and trade policy data for the three countries to simulate the...
Persistent link: https://www.econbiz.de/10005556453
The author argues that a policy of devaluation imposed on African economies in compliance with real exchange rate rules contradicts the inflation objectives of fiscal stabilisation because by devaluing a currency at every instance of inflation, it implies that the exchange rate is indexed to the...
Persistent link: https://www.econbiz.de/10005119268
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all...
Persistent link: https://www.econbiz.de/10005119309