Showing 1 - 10 of 712
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization entails, necessarily but not exclusively, positive...
Persistent link: https://www.econbiz.de/10008727868
This paper identifies factors associated with takeoff -- a sustained period of high growth following a period of stagnation. We examine a panel of 241 "stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10005778403
This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was...
Persistent link: https://www.econbiz.de/10005720452
Why do governments employ inefficient policies to redistribute income towards special interest groups (SIGs) when more efficient ones are available? To address this puzzle we derive and test predictions for a set of policies where detailed data is available and an efficiency ranking is feasible:...
Persistent link: https://www.econbiz.de/10005828746
Chinese imports and exports grew rapidly during the first three decades of the twentieth century as China opened up to … for unskilled workers producing these goods in China. When the war ended, trade costs declined, leading to a rise in China …'s terms of trade and further growth in China's export sector. Difference-in-differences regression estimates show that World …
Persistent link: https://www.econbiz.de/10008615770
How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new light on these questions, this paper uses archival data from colonial India to investigate the impact of India's vast railroad network. Guided by four predictions from a general...
Persistent link: https://www.econbiz.de/10008684848
Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ability to bilaterally extract and enforce trade concessions from larger...
Persistent link: https://www.econbiz.de/10009368132
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10008627165
Formal economic analysis of trade agreements typically treats disputes as synonymous with concerns about enforcement. But in reality, most WTO disputes involve disagreements of interpretation concerning the agreement, or instances where the agreement is simply silent. And some have suggested...
Persistent link: https://www.econbiz.de/10005830175
. In the past few years, this issue has moved to center stage because of the foreign exchange policies of China. China has … large global and bilateral trade surpluses. Numerous public officials and commentators argue that China has engaged in … impermissible "currency manipulation," and various proposals for stiff action against China have been advanced. This paper clarifies …
Persistent link: https://www.econbiz.de/10005050235