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innovation, but once discovery takes place there is an incentive to lower protection. The sub optimal but time consistent policy … involves an insufficient level of protection and, therefore, of innovation. In more technologically advanced economies …
Persistent link: https://www.econbiz.de/10013317902
We investigate theoretically and empirically how exporters adjust their markups across destinations depending on bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per unit, our model predicts that markups rise with...
Persistent link: https://www.econbiz.de/10012836103
elements of both international trade and macroeconomic models. The welfare effect of trade liberalization is decomposed into a …
Persistent link: https://www.econbiz.de/10012777866
domestic consumption taxes increases both welfare and public revenues. Increasingly stringent conditions are required, however …
Persistent link: https://www.econbiz.de/10012782604
This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U.S. auto tariffs. The second analyzes a ‘transactional...
Persistent link: https://www.econbiz.de/10012865124
Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model … welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk … specifications used, with considerable variation of potential welfare gains across countries in all model structures …
Persistent link: https://www.econbiz.de/10012866889
The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth and hinder the recovery from the worst global recession since the Great Depression....
Persistent link: https://www.econbiz.de/10013252019
Asia and Latin America and the Caribbean (LAC), two regions with large growth potential, have become increasingly connected over the last 20 years. China has emerged not only as a top trading partner, but also as an important competitor of LAC exports. China's retreat from certain markets, due...
Persistent link: https://www.econbiz.de/10013252045
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...
Persistent link: https://www.econbiz.de/10013116464
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition economies has increased significantly. Given the role of physical capital accumulation in determining the economic growth rate, it is important to assess how domestic investment...
Persistent link: https://www.econbiz.de/10013085137