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Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...
Persistent link: https://www.econbiz.de/10014403900
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347
This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing … in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the …
Persistent link: https://www.econbiz.de/10012001601
We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R and D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has...
Persistent link: https://www.econbiz.de/10011763631
India''s exports nearly tripled in the 1990s. Decomposing export growth shows that it has been driven by incumbent …-choice model of the firm''s decision to export, we find evidence that economic liberalization has led to greater domestic … competition, spurring firm efficiency and increasing Indian firms'' competitiveness and ability to export. We show that export …
Persistent link: https://www.econbiz.de/10014404025
This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in the middle and late 1970s and by Colombia almost a decade later in the late 1980s and early 1990s. These reforms have enabled both countries to maintain vigorous real growth...
Persistent link: https://www.econbiz.de/10014395870
The apparent slowdown in U.S. investment and productivity growth in recent years has led to a number of proposals to stimulate investment through the adoption of tax incentives. This paper describes the incentives that were contained in the February 1993 Budget and estimates their effect on the...
Persistent link: https://www.econbiz.de/10014395892
Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of...
Persistent link: https://www.econbiz.de/10014396337
The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This paper examines the sources of discrepancies between net borrowing and accumulation of net...
Persistent link: https://www.econbiz.de/10014401528