Showing 1 - 10 of 508
Persistent link: https://www.econbiz.de/10003624594
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...
Persistent link: https://www.econbiz.de/10010374513
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real exchange rate, with different model specifications, in...
Persistent link: https://www.econbiz.de/10003969632
-based taxes are inefficiently low when the exporting sector in each country is non-labor intensive. The Nash equilibrium origin …
Persistent link: https://www.econbiz.de/10011375684
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...
Persistent link: https://www.econbiz.de/10011514094
Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a sparse data situation. Indicator building is merged with temporal...
Persistent link: https://www.econbiz.de/10009272276
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO. The instruments used include export taxes, price...
Persistent link: https://www.econbiz.de/10009518238
shares for both goods the terms of trade improve, while capital stocks decline in the reducing and less strongly in the non …-reducing country. The net welfare effect of improving terms of trade and falling capital stocks is negative in both countries. However … loss remains below that of the non-reducing country. -- Capital accumulation ; emission permits ; terms of trade …
Persistent link: https://www.econbiz.de/10003749461
This paper characterises the domestic tax systems which yield Pareto-efficient outcomes for a two-country world economy in which each country uses distortionary taxes. Such outcomes are compared with the Nash equilibria of the world economy when each country uses its domestic tax system to...
Persistent link: https://www.econbiz.de/10011408776