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Are Trade Preferences a Panacea? The African Growth and Opportunity Act and African Exports
Fernandes, Ana M. - 2019
Does "infant industry" preferential access durably boost export performance? This paper exploits significant trade policy changes in the United States (US) to address this question. The expansion of Generalized System of Preferences (GSP) products for less developed countries in 1997 and the...
Persistent link: https://www.econbiz.de/10012866374
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Substitutability and protectionism: Latin America's trade policy and imports from China and India
Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri; … - 2007
This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the protection for sale' model to allow for different...
Persistent link: https://www.econbiz.de/10010264092
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Quantifying the EU-Japan Economic Partnership Agreement
Felbermayr, Gabriel J. - 2018
This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal … that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model … reductions in the costs of NTBs. This approach yields long-run welfare effects for Japan of about 18 bn. USD per year (0.31% of …
Persistent link: https://www.econbiz.de/10012908655
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A New Ricardian Model of Trade, Growth and Inequality
Marjit, Sugata - 2021
The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...
Persistent link: https://www.econbiz.de/10013314959
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Growth Gains from Trade
Marjit, Sugata - 2019
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using...
Persistent link: https://www.econbiz.de/10012860295
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Chinese Aid and Democratic Values in Latin America
Freytag, Andreas; Kautz, Miriam - 2022
International economic engagement has been increasingly framed in terms of liberal democratic values. Specifically, Chinese aid has been at the center of this debate. Since Chinese aid comes with “no strings attached,” a popular narrative is that Chinese aid poses a challenge to conditional...
Persistent link: https://www.econbiz.de/10014081428
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Government Spending Efficiency in Latin America
Fraga, Gabriel Baquero; Afonso, António - 2022
We assess the public spending efficiency of 20 Latin American countries over the period of 2000-2019, computing Data Envelopment Analysis efficiency scores. For the Public Sector Performance composite indicator, we use the annual data of socio-economic indicators, and for the input measure we...
Persistent link: https://www.econbiz.de/10014241608
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The Impact of Inequality on the Informal Economy in Latin America and the Caribbean with a Mimic Model
Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023
Vast literature is available covering main Informal Economy (IE) causes and consequences for Latin America and Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes a MIMIC Base Model using a data set composed by 41...
Persistent link: https://www.econbiz.de/10014348093
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An economic theory of foreign interventions and regime change
Bonfatti, Roberto - 2011
I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...
Persistent link: https://www.econbiz.de/10010274784
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Ties
Revelli, Federico - 2019
This paper investigates whether the rare occurrence of a local election ending in a tie or being decided by a single vote generates informational spill-overs on nearby localities' subsequent elections. First, based on the pivotal-voter theory, we develop a model of costly instrumental voting in...
Persistent link: https://www.econbiz.de/10012864930