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"Taking price changes from the Global Trade Analysis Project (GTAP) model of world trade, the authors use a small open economy computable general equilibrium comparative static model of the Russian economy to assess the impact of global free trade and a successful completion of the Doha Agenda...
Persistent link: https://www.econbiz.de/10010522475
In Central America, cargo is transported almost entirely by road. The movement of imports and exports to and from international seaports is done by truck. Rail service is almost nonexistent and air transport serves less than one percent of the cargo generated within the Central American Common...
Persistent link: https://www.econbiz.de/10012247515
"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...
Persistent link: https://www.econbiz.de/10011394220
the positive effect of liberalization on productivity when they do not account for the endogeneity bias. On the theory …
Persistent link: https://www.econbiz.de/10010522136
"The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10010522437
Persistent link: https://www.econbiz.de/10010523252
How firms react to a given shock may depend on the degree to which rivals are present and on whether potentially viable entrants to that market exist. A preferred supplier market presence and threat of entry lessen a nonmember country's price reaction to most-favored-nation trade liberalization...
Persistent link: https://www.econbiz.de/10010524100
Persistent link: https://www.econbiz.de/10002452364
"This paper briefly reviews new indices of trade restrictiveness and trade facilitation that have been developed at the World Bank. The paper also compares the trade impact of different types of trade restrictions applied at the border with the effects of domestic policies that affect trade...
Persistent link: https://www.econbiz.de/10010520962
"This paper reviews data and research on trade costs for Sub-Saharan African countries. It focuses on: border-related costs, transport costs, costs related to behind-the border issues, and the costs of compliance with rules of origin specific to preferential trade agreements. Trade costs are, on...
Persistent link: https://www.econbiz.de/10010521040