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Institutions, trade and development : a quantitative analysis

Beverelli, Cosimo; Keck, Alexander; Larch, Mario; … - 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 prominent issue of endogenous institutions. The empirical analysis …

Persistent link: https://www.econbiz.de/10011800710

Information transmission and ownership consolidation in aid programs

Dreher, Axel; Marchesi, Silvia - 2013

This paper explores the role of information transmission in explaining donors ́choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme." Conversely, project...

Persistent link: https://www.econbiz.de/10010199746

Modelling economic impacts of alternative international climate policy architectures : a quantitative and comparative assessment of architectures for agreement

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - 2008

This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political...

Persistent link: https://www.econbiz.de/10003763299

Delayed action and uncertain targets : how much will climate policy cost?

Bosetti, Valentina (contributor); Carraro, Carlo (contributor) - 2008

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

Persistent link: https://www.econbiz.de/10003751211

Uncertainty in global sourcing : learning, sequential offshoring, and selection patterns

Larch, Mario; Navarro, Leandro - 2022

We analyse firms' sourcing decisions under institutional uncertainty in foreign countries. Firms can reduce their uncertainty by observing offshoring firms' behaviour. The model characterises a sequential offshoring equilibrium path, led by the most productive firms in the market. With multiple...

Persistent link: https://www.econbiz.de/10013419347

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10003813630

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...

Persistent link: https://www.econbiz.de/10011298529

Information transmission within federal fiscal architectures : theory and evidence

Gehring, Kai; Kotsogiannēs, Chrēstos; Marchesi, Silvia - 2013

" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …

Persistent link: https://www.econbiz.de/10010126407

Unlocking new methods to estimate country-specific trade costs and trade elasticities

Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the impact...

Persistent link: https://www.econbiz.de/10012669805

Optimal tariffs, retaliation and the welfare loss from tariff wars in the Melitz model

Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2011

This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...

Persistent link: https://www.econbiz.de/10009130204