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the hypothesis that tariffs have no statistically significant impact on the trade balance, the real exchange rate, or the …This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear … real exchange rate, the trade balance, and the level of output. Three different data sets are found to be consistent with …
Persistent link: https://www.econbiz.de/10014396243
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
telecommunications, energy, and transportation sectors. Moreover, Morocco has significantly liberalized its trade regime and strengthened …
Persistent link: https://www.econbiz.de/10011244655
This 2004 Article IV Consultation highlights that after a period of prolonged weakness in economic activity, persistent deflation and rising fiscal deficits, the macroeconomic outlook for Hong Kong Special Administrative Region has improved significantly since mid-2003. The recovery has gained...
Persistent link: https://www.econbiz.de/10005252759
macroeconomic developments, have been limited. Data on industrial production and retail trade indicate continued growth in the first …
Persistent link: https://www.econbiz.de/10005825020
This 2003 Article IV Consultation highlights that Morocco’s growth performance over the last decade has not been strong enough to reduce poverty. Growth has also been volatile because of the impact of recurrent drought conditions on agricultural output. Economic conditions improved in...
Persistent link: https://www.econbiz.de/10005825154
This Selected Issues paper characterizes the rapid expansion of Hong Kong Special Administrative Region’s (Hong Kong SAR) economic ties with the Mainland over the last two decades. It examines the possible impact on Hong Kong SAR of policy developments in the Mainland. The paper concludes...
Persistent link: https://www.econbiz.de/10005591827
This 2004 Article IV Consultation highlights that Morocco’s macroeconomic conditions remained strong in 2003. Growth increased to 5.5 percent because of an exceptionally good cereal production, while non-agricultural growth showed signs of revival. Inflation was below 2 percent and the...
Persistent link: https://www.econbiz.de/10005598887
Poverty risk is most marked for children, displaced persons and returnees, unemployed, and people with low education. Basic goals of the macroeconomic framework of the mid-term development strategy of Bosnia and Herzegovina are to reduce the overall public expenditures, lower the public debt,...
Persistent link: https://www.econbiz.de/10005598984
This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions …
Persistent link: https://www.econbiz.de/10014396238