Showing 1 - 10 of 419
This paper uses a global general equilibrium simulation model to quantify the effects of lifting economic sanctions on Iran with and without strategic responses. Iran benefits the most, with average per capita welfare gains ranging from close to 3 percent, in the case when Iran's crude oil...
Persistent link: https://www.econbiz.de/10012970129
It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...
Persistent link: https://www.econbiz.de/10012761657
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10013249135
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
both domestic and international aspects of the monetary regime before World War I has since declined in its relevance At … the same time, policymakers within major nations placed more emphasis on stabilizing the real economy. In the post-World …
Persistent link: https://www.econbiz.de/10013223877
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
To what extent has Sub-Saharan Africa's slow economic growth over the past five decades been due to price and trade policies that discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy induced distortions to relative...
Persistent link: https://www.econbiz.de/10012974965
Despite an enormous literature that has analyzed the comparative experiences of Latin America and Asia in post-World … the two regions' tariffs before 1914; differences in the extent and structure of internal markets as well as the world …
Persistent link: https://www.econbiz.de/10013213056
In the Belle Époque, Belgium recorded an unprecedented trade boom, but growth in output per capita was lackluster. We …
Persistent link: https://www.econbiz.de/10013030134
Persistent link: https://www.econbiz.de/10009569345