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The Quantitative Importance of Openness in Development

Cai, Wenbiao - 2013

stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … limited by the savings rate of workers close to subsistence. We argue that access to capital goods in the world market can be …

Persistent link: https://www.econbiz.de/10013075128

Developing Country Second-Mover Advantage in Competition Over Environmental Standards and Taxes

Groenert, Valeska - 2014

We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.' In our model, firms do not unanimously prefer lower environmental-standard levels. We introduce this feature to...

Persistent link: https://www.econbiz.de/10013066914

International Reserves Before and After the Global Crisis : Is There No End to Hoarding?

Aizenman, Joshua - 2015

We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...

Persistent link: https://www.econbiz.de/10013025974

Taxing Intellectual Property in the Global Economy : A Plea for Regulated and Internationally Coordinated Profit Splitting

Richter, Wolfram F. - 2017

Inter-country equity in the taxation of IP is a contentious issue. With its BEPS initiative, the OECD aims at taxing in accordance with value creation even though there are admitted difficulties in determining the actual place of value creation. The European Commission promotes the introduction...

Persistent link: https://www.econbiz.de/10012950292

Industrialisation and the Big Push in a Global Economy

Kreickemeier, Udo - 2017

whether globalization makes it easier or harder for a country to escape from a poverty trap. Our model gives a definite answer …

Persistent link: https://www.econbiz.de/10012954362

Going Deep : The Trade and Welfare Effects of TTIP

Aichele, Rahel - 2015

rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …

Persistent link: https://www.econbiz.de/10013030303

Institutions, Trade and Development : A Quantitative Analysis

Beverelli, Cosimo - 2018

We propose and apply methods to quantify the impact of national institutions on international trade and development. We are able to identify the direct impact of country-specific institutions on international trade within the structural gravity framework. Our approach naturally addresses the...

Persistent link: https://www.econbiz.de/10012920756

Coordinated Tax-Tariff Reforms, Informality, and Welfare Distribution

Ligthart, Jenny E. - 2010

The paper studies the revenue, efficiency, and distributional implications of a simple strategy of offsetting tariff reductions with increases in destination-based consumption taxes so as to leave consumer prices unchanged. We employ a dynamic micro-founded macroeconomic model of a small open...

Persistent link: https://www.econbiz.de/10013141409

Central Bank Balance Sheets : Expansion and Reduction Since 1900

Ferguson, Niall - 2015

In this paper we study the evolution of central banks' balance sheets in 12 advanced economies since 1900. We find that balance sheet size in most developed countries has fluctuated within rather clearly defined bands relative to output. Historically, clusters of big expansions and contractions...

Persistent link: https://www.econbiz.de/10013021414

The Great Mortgaging : Housing Finance, Crises, and Business Cycles

Jordà, Òscar - 2015

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10013032225

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