Showing 1 - 10 of 44
This paper presents a theory of the maturity of international sovereign debt, and derives its implications for the reform of the international financial architecture. The analysis is based on a model in which the need to roll over external debt disciplines the policies of debtor countries, but...
Persistent link: https://www.econbiz.de/10008596326
If trade barriers are managed by inefficient institutions, trade liberalization can lead to greater-than-expected gains. We examine Chinese textile and clothing exports before and after the elimination of externally imposed export quotas. Both the surge in export volume and the decline in export...
Persistent link: https://www.econbiz.de/10010815492
This paper explores the links between exports, export destinations, and skill utilization. We identify two mechanisms behind these links: differences across destinations in quality valuation and in exporting required services, activities that are intensive in skilled labor. Depending on the...
Persistent link: https://www.econbiz.de/10010815533
Researchers have scrutinized foreign aid's effects on poverty and growth, but anecdotal evidence suggests that donors … often use aid for other ends. We test whether donors use bilateral aid to influence elections in developing countries. We … find that recipient country administrations closely aligned with a donor receive more aid during election years, while …
Persistent link: https://www.econbiz.de/10010815575
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This paper estimates the productivity gains from reducing tariffs on final goods and from reducing tariffs on intermediate inputs. Lower output tariffs can increase productivity by inducing tougher import competition, whereas cheaper imported inputs can raise productivity via learning, variety,...
Persistent link: https://www.econbiz.de/10005821614
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