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While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10014400231
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the … interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework …
Persistent link: https://www.econbiz.de/10012103556
this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …
Persistent link: https://www.econbiz.de/10012103562
, and (2) lobbying high-level government politicians to resist legal reforms designed to improve judicial efficiency and …
Persistent link: https://www.econbiz.de/10014400451
. In particular, we discuss the joint impact of trade openness and political uncertainty. Our theory predicts that the …. Political uncertainty has a positive effect on environmental policy as it reduces lobbying efforts. Applying our model to a … unique data set of primarily developing countries, the empirical findings support the theory and are robust under alterntive …
Persistent link: https://www.econbiz.de/10014401287
This paper provides a political economy analysis of the incentives underpinning a country''s decision to enter a regional trade agreement when a multilateral free trade agreement is available, and of how entering a regional trade agreement affects the incentives to pursue multilateral trade...
Persistent link: https://www.econbiz.de/10014401396
This paper proposes channels through which technological decoupling can affect global growth, and embeds these different layers in a global dynamic macroeconomic model. Multiple scenarios are considered that differ along two dimensions: (i) the coalition of countries (hubs) that initiate the...
Persistent link: https://www.econbiz.de/10012518889
We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is...
Persistent link: https://www.econbiz.de/10013170594
With the virtual elimination of tariffs and quotas under GATT, antidumping measures emerged as a key instrument of … protection. Under antidumping actions exporters can either raise the price to eliminate the dumping margin or pay an antidumping … the smaller loss in market share exporters may prefer an antidumping duty over voluntary settlement. The paper analyzes …
Persistent link: https://www.econbiz.de/10014400866
Antidumping and countervailing duty procedures are governed by specific rules requiring both injury (by reason of … domestic macroeconomic activity and pressures for protection under antidumping and countervailing duties. The evidence suggests …
Persistent link: https://www.econbiz.de/10014398105