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The author's model demonstrates that when imports are predominantly intermediate inputs - as they are in most developing countries - import restrictions can not always be relied upon to improve the trade balance. Such restrictions act as a supply shock to the economy. Unless nontraded goods are...
Persistent link: https://www.econbiz.de/10005079786
Regional integration is on the rise again, despite its apparent failure among developing countries in the past. The authors survey the ambiguous economies of customs unions, emphasizing that the traditional dichotomy between"trade creation"and"trade diversion"is not particularly helpful for...
Persistent link: https://www.econbiz.de/10005116590
Persistent link: https://www.econbiz.de/10003557206
Jaffe and Palmer (1997) present three distinct variants of the so-called Porter Hypothesis. The weak version of the hypothesis posits that environmental regulation will stimulate certain kinds of environmental innovations. The narrow version of the hypothesis asserts that flexible environmental...
Persistent link: https://www.econbiz.de/10005100732