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What Would a Development-Friendly WTO Architecture Really Look Like?

Subramanian, Arvind; Mattoo, Aaditya - International Monetary Fund (IMF) - 2003

This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a...

Persistent link: https://www.econbiz.de/10005826269

On the Distributive Effects of Terms of Trade Shocks; The Role of Non-Tradable Goods

International Monetary Fund (IMF); International … - 2010

We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities producing exclusively for the local market induces a crucial association between domestic spending and...

Persistent link: https://www.econbiz.de/10008727799

Institutional Quality and International Trade

Levchenko, Andrei A. - International Monetary Fund (IMF) - 2004

The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are twofold. First, it studies the consequences of trade when institutional...

Persistent link: https://www.econbiz.de/10005826594

Activation of a Modern Industry

Xie, Danyang; Wang, Ping - International Monetary Fund (IMF) - 2002

This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and...

Persistent link: https://www.econbiz.de/10005604997

Factor Immobility and Regional Impacts of Trade Liberalization Evidenceon Poverty From India

Topalova, Petia - International Monetary Fund (IMF) - 2010

This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to examine the mechanisms underpinning this impact. Variation in sectoral composition across districts and liberalization intensity across production sectors allows a...

Persistent link: https://www.econbiz.de/10008671312

Financial Globalization, Portfolio Diversification, and the Pattern of International Trade

Koren, Miklós - International Monetary Fund (IMF) - 2003

advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …

Persistent link: https://www.econbiz.de/10005599412

Life-Cycles, Dynasties, Savings; Implications for Closed and Small, Open Economies

Faruqee, Hamid; Laxton, Douglas - International Monetary Fund (IMF) - 2000

This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...

Persistent link: https://www.econbiz.de/10005826319

On Impatience and Policy Effectiveness

Sgherri, Silvia; Bayoumi, Tamim - International Monetary Fund (IMF) - 2009

An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen...

Persistent link: https://www.econbiz.de/10005599595

Inequality, Leverage and Crises: The Case of Endogenous Default

Kumhof, Michael; Ranciere, Romain; Winant, Pablo - International Monetary Fund (IMF) - 2013

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the...

Persistent link: https://www.econbiz.de/10010790328

Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?

Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10005263792

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