Showing 1 - 10 of 367
This paper explores the possibility that unregulated FDI flows are causally implicated in the decline in labor productivity growth in semi- industrialized economies. These effects are hypothesized to operate through the negative impact of firm mobility on worker bargaining power and thus...
Persistent link: https://www.econbiz.de/10005062582
This paper presents a model of international trade in differentiated intermediate goods. Because intermediates are invented through costly R&D investments, employing foreign intermediates implies sharing the return to R&D with the inventor country. I first derive a relation of how domestic...
Persistent link: https://www.econbiz.de/10005556505
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy … surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest …
Persistent link: https://www.econbiz.de/10005556063
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy … surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest …
Persistent link: https://www.econbiz.de/10005062447
In most African economies, both agricultural production and the terms- of-trade are highly uncertain. This paper re-examines the implications of such uncertainty for the optimal mix of production and trade under alternative assumptions about international capital flows. The ultimate objective is...
Persistent link: https://www.econbiz.de/10005556608
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