Showing 1 - 7 of 7
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/10010490278
We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade … be used to construct country globalization metrics reflecting the distance of economies from full global integration due …
Persistent link: https://www.econbiz.de/10002757524
Numerical simulation exercises to analyze the impacts of potential changes in non-tariff policies commonly use ad valorem equivalent tariff treatment even though estimated impacts using explicit model representation and ad valorem equivalent treatments will differ. The difficulty for modellers...
Persistent link: https://www.econbiz.de/10003109945
We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...
Persistent link: https://www.econbiz.de/10009781577
We consider progressive geographical expansion of free trade zones within countries as a form of trade liberalization and compare observationally equivalent liberalization involving changes in the coverage of a free trade zone for a fixed tariff rate, and tariff reductions applying to all trade...
Persistent link: https://www.econbiz.de/10011402583
) existence can also be an issue. Here we use numerical simulation methods. We first consider world with service trade autarky in … removing period by period budget constraints for domestic consumers. In such a world, if nonzero tariffs apply to spatial trade … ongoing tariff negotiations. We then expand the model to capture a more complex world where costly intermediation services can …
Persistent link: https://www.econbiz.de/10002758041
We combine a model of combined inter-spatial and inter-temporal trade between countries recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted with a model of foreign exchange rationing due to Clarete and Whalley...
Persistent link: https://www.econbiz.de/10002856541