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Thanks to Nitsan Chorev, Robert Connolly, David Leblang, Quan Li, Andy Mertha, Layna Mosley, Bumba Mukherjee, Eric Reinhardt, Peter Rosendorff, Matthew Slaughter, Andy Sobel, participants of the 2004 Midwest Political Science Association annual meeting and the 2004 Duke Summer Institute on...
Persistent link: https://www.econbiz.de/10005556492
In a vertically differentiated market with cost asymmetries, the risk dominance criterion selects the equilibrium where the high quality is produced by the efficient firm. We show that a sufficiently high Minimum Quality Standard reverses equilibrium selection. Hence, MQS may be used in order to...
Persistent link: https://www.econbiz.de/10005134542
Theoretical analyses of the WTO dispute settlement mechanism suggest that the system contains only weak incentives for the implementation of rulings. Against this background, it is puzzling that the specific WTO procedure which deals with allegedly insufficient implementation is used only in...
Persistent link: https://www.econbiz.de/10005408038
The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth …
Persistent link: https://www.econbiz.de/10005062416
Small economies rarely embrace free trade, a fact that is commonly explained as a consequence of the government's use of trade policy to redistribute income. But why is this redistribution typically biased in favor of import-competing sectors and is consequently trade restricting rather than...
Persistent link: https://www.econbiz.de/10005119340
by a continuum of small markets producing distinct commodities. Following Murphy et al. (1989) we model industrialization … conditions, there is a non-monotonic relation between the distribution of land property rights and both industrialization and … land property rights can be detrimental to industrialization, ii) landownership affects the economic performance of an …
Persistent link: https://www.econbiz.de/10005555985
In this paper we analyse the driving forces of the transition from plan to market in China. A two segments and two sectors model is constructed to take into account the particular economic situation in China during the transition process: a large agricultural sector and an industrial sector; a...
Persistent link: https://www.econbiz.de/10005556000
Bahía Blanca has been posed as the main Southern city of the country (both in population and economic terms) by various works in the field of economic geography. In particular, it has been emphasized its leading manufacturing sector (historically oriented to exports) and its role as center of...
Persistent link: https://www.econbiz.de/10005125838
It is recognized that the usefulness of accounting infor mation is contingent upon its (1) neutrality, (2) relevancy, and (3) reliability. Given that all socio-economic systems are comprised of participants and institutions, it would seem that the attainment of those three qualities is...
Persistent link: https://www.econbiz.de/10005134985
The notion of de-industrialisation arises from the fact that industrial employment, having risen rapidly, is now in equally rapid decline. This paper presents the view that agriculture and industry together form, and have always formed, a logically seamless "primary" sector which from the...
Persistent link: https://www.econbiz.de/10005062413