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The Exchange Rate as an Industrial Policy
Ottonello, Pablo; Perez, Diego J.; Witheridge, William - National Bureau of Economic Research - 2024
We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on the dynamic patterns of externalities. When they are stronger in earlier stages of...
Persistent link: https://www.econbiz.de/10014544799
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The Competition Between Competition Rules
Sinn, Hans-Werner - 1999
Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …
Persistent link: https://www.econbiz.de/10012471517
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Inefficiencies from Metropolitan Political and Fiscal Decentralization : Failures of Tiebout Competition
Calabrese, Stephen - 2011
-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient … decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …
Persistent link: https://www.econbiz.de/10012461406
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An Experimental Study of Decentralized Link Formation with Competition
Comola, Margherita - 2015
We design a laboratory experiment to investigate bilateral link formation in a setting where payoffs are pair-specific. Our link formation rule is decentralized and players can make link offers and counter-offers, as in a Beckerian marriage market. The game is designed in such a way that a...
Persistent link: https://www.econbiz.de/10012456913
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Decentralisation in Africa and the Nature of Local Governments' Competition : Evidence from Benin
Caldeira, Emilie - 2012
Decentralization has been put forward as a powerful tool to reduce poverty and improve governance in Africa. The aim of …. These spillovers impact the efficiency of decentralization. We develop a two-jurisdiction model of public expenditure, which …
Persistent link: https://www.econbiz.de/10012460533
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Geography, Economic Policy, and Regional Development in China
Demurger, Sylvie - 2002
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and policy on provincial growth rates in 1996-99. Their...
Persistent link: https://www.econbiz.de/10012469817
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Local Economic Development, Agglomeration Economies, and the Big Push : 100 Years of Evidence from the Tennessee Valley Authority
Kline, Patrick M. - 2013
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...
Persistent link: https://www.econbiz.de/10012459368
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National Policy for Regional Development : Evidence from Appalachian Highways
Jaworski, Taylor - 2016
How effective are policies aimed at integrating isolated regions? We answer this question using the construction of a highway system in one of the poorest regions in the United States. With construction starting in 1965, the Appalachian Development Highway System (ADHS) ultimately consisted of...
Persistent link: https://www.econbiz.de/10012456601
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Anti-Competitive and Rent-Shifting Aspects of Domestic-Content Provisions in Regional Trade Blocks
Lopez-de-Silane, Florencio - 1993
Regional trade agreements must specify domestic-content rules (rules of origin) that define the conditions under which a good qualifies as 'domestic' and so may be freely traded within the block. The paper analyzes such rules, focussing in particular on oligopolistic industries in which foreign...
Persistent link: https://www.econbiz.de/10012474433
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Road Capacity, Domestic Trade and Regional Outcomes
Coşar, A. Kerem; Demir, Banu; Ghose, Devaki; Young, … - National Bureau of Economic Research - 2021
What is the impact on intra-national trade and regional economic outcomes when the quality and lane-capacity of an existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a large-scale public investment in roads during the...
Persistent link: https://www.econbiz.de/10012629448