Showing 1 - 10 of 159
This paper discusses major policy issues related to commodity dependence and export diversification in low-income countries. Contrary to some widely-held view, it argues that natural resources are not necessarily a ‘curse’ that condemns low-income countries to underdevelopment but can...
Persistent link: https://www.econbiz.de/10005555981
trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained …
Persistent link: https://www.econbiz.de/10005556472
In order to explain the prevalence and persistence of trade protection, a large body of work that departs from the notion of welfare maximizing governments and emphasizes instead political-economic determinants of policy has recently emerged. This survey paper summarizes and evaluates...
Persistent link: https://www.econbiz.de/10005119240
Vector autoregressions are used to model price transmission through the coffee processing chain, from producers to the … world market and from the world market to consumers. A comparison is made of price dynamics against a backdrop of two very … have become quite concentrated. Interestingly, the analysis shows that liberalisation has not improved price transmission …
Persistent link: https://www.econbiz.de/10005556496
commit to output targets before prices and exchange rates are realized. A theoretical model with one processor and many price …-taking primary producers is developed to show that an increase in the volatility of the export price generally increases exports …- linearities in the relationship between exports and export price volatility. This relationship is empirically investigated using …
Persistent link: https://www.econbiz.de/10005125505
The article analyzes production and marketing lags in agri-food supply chains that force competitive producers and processors to commit to output targets before prices and exchange rates are realized. We show that export markets act as put options for exporters and an increase in the volatility...
Persistent link: https://www.econbiz.de/10005408041
theory. Finally, simulation results indicate that even large reductions in US subsidies will not necessarily lead to …
Persistent link: https://www.econbiz.de/10005119310
I present a model of R&D-driven growth which predicts that technology, in form of product designs and created through R&D investments, is transmitted to other domestic and foreign sectors by being embodied in differentiated intermediate goods. Empirical results are presented employing data from...
Persistent link: https://www.econbiz.de/10005555998
International Transport Services (ITS) play an important role in influencing international trade flows. This paper develops an analytical framework in which ITS costs are endogenously determined. It shows that ITS sector liberalization foster international trade very much the same way tariff...
Persistent link: https://www.econbiz.de/10005556416
This paper studies steady-state, Markov-Perfect strategic trade policy when (infinitely lived) governments are committed to trade policy during two periods. We compare the case in which both governments choose their export subsidies in the same periods (synchronization) versus the case in which...
Persistent link: https://www.econbiz.de/10005556420