Showing 1 - 10 of 45
This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...
Persistent link: https://www.econbiz.de/10005014570
Agricultural support is often advocated as a means to national security. This is misguided. At current levels of consumption there is considerable scope for substitution away from food without catastrophic welfare losses, and even in the total absence of imports the United Kingdom could feed...
Persistent link: https://www.econbiz.de/10005662234
In this paper we provide an economic assessment of the Uruguay Round agreements on tariffs, textiles and clothing, and agriculture, highlighting scale economies, imperfect competition, and dynamic linkages between trade, incomes, and investment. We present estimates of the welfare effects of the...
Persistent link: https://www.econbiz.de/10005791471
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10011083351
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this Paper we present evidence on another, related phenomenon: the dramatic reversal in...
Persistent link: https://www.econbiz.de/10005123980
This paper analyses how political institutions, wealth distribution and economic activities affect each other during … played by the initial distribution of wealth in determining the long-run pattern of political participation and economic …
Persistent link: https://www.econbiz.de/10005124016
size distributions of cities and countries are similar. But theories that explain the size-distribution of cities do not … obviously apply in explaining the size-distribution of countries. The similarity of city- and country-size distributions is an …
Persistent link: https://www.econbiz.de/10005497861
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
Efficient measures are often not implemented because of their potentially damaging effects on distribution, yet these … when we can separate the effect on efficiency from the effect on distribution, that is when Gorman aggregation applies, the … well-known result that aggregate effects can be computed independently of the distribution can be accompanied by a similar …
Persistent link: https://www.econbiz.de/10005504425
There have been important studies of overall income inequality and of poverty in South Africa. In this paper, we approach the subject from a different direction: the extent and evolution of top incomes. We present estimates of the shares in total income of groups such as the top 1 per cent and...
Persistent link: https://www.econbiz.de/10008784719