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"To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. Kee, Nicita, and Olarreaga modify Kohli's (1991) GDP function approach to estimate demand elasticities...
Persistent link: https://www.econbiz.de/10010522883
Persistent link: https://www.econbiz.de/10010522931
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
This paper explores the links between exports, export destinations and skill utilization by firms. The authors identify two mechanisms behind these links, which we integrate into a unified theory of export destinations and skills. First, exporting to high-income countries requires quality...
Persistent link: https://www.econbiz.de/10012557624
"The authors revisit the debt overhang question. They first use nonparametric techniques to isolate a panel of countries on the downward sloping section of a debt Laffer Curve. In particular, overhang countries are ones where a threshold level of debt is reached in sample, beyond which (initial)...
Persistent link: https://www.econbiz.de/10010522527
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Colombia is the world's third-largest producer of coffee and by far the largest single producer of washed arabica … coffee. This introduction outlines the global situation in brief and sets the context with a synopsis of Colombia's coffee … history and its unique coffee culture. Chapters 2 and 3 assess the impact of the current coffee situation in both economic and …
Persistent link: https://www.econbiz.de/10012559429
strategy, focused on the liberalization of coffee and cocoa prices, their primary marketing and export, all previously … markets as a reliable supplier of quality products. The liberalization took effect in June 1996. Coffee and cocoa exports …
Persistent link: https://www.econbiz.de/10012554994
"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155
"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and...
Persistent link: https://www.econbiz.de/10010522399