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Shock Versus Gradualism in Models of Rational Expectations : The Case of Trade Liberalization

Auernheimer, Leonardo - 1997

This paper provides a new argument for “shock” versus “gradualism” in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as an...

Persistent link: https://www.econbiz.de/10014400753

Internal trade in Canada : case for liberalization

Alvarez, Jorge; Krznar, Ivo; Tombe, Trevor - 2019

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by about 4 percent and reallocate employment towards provinces that experience large...

Persistent link: https://www.econbiz.de/10012102149

Dynamic Gains From Trade : Evidence From South Africa

Subramanian, Arvind - 2000

This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It uses (i) a time series approach where trade is defined in terms of aggregate outcomes, i.e., as the share of imports plus exports in GDP, and (ii) a cross sectional approach,...

Persistent link: https://www.econbiz.de/10014399824

Optimal Central Bank Conservatism and Monopoly Trade Unions

Hefeker, Carsten - 2002

The ""conservative central banker"" has come under attack recently. On the basis of models in which there is explicit interaction between trade union behavior and monetary policy, it has been argued that if ''trade unions'' are averse to inflation, welfare will be lower with a conservative than...

Persistent link: https://www.econbiz.de/10014399704

Exporting through intermediaries : impact on export dynamics and welfare

Kamali, Parisa - 2019

In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of...

Persistent link: https://www.econbiz.de/10012155234

Unemployment Benefits Versus Conditional Negative Income Taxes

Snower, Dennis J. - 1995

The paper analyzes the wage-employment effects of replacing unemployment benefits by negative income taxes. It first … surveys the major equity and efficiency effects of unemployment benefits versus negative income taxes, and summarizes the … that focuses on the relative wage-employment effects of unemployment benefits versus negative income taxes. Finally, it …

Persistent link: https://www.econbiz.de/10014397451

The Simple Economics of Benefit Transfers

Snower, Dennis J. - 1995

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment benefits into employment subsidies--“benefit...

Persistent link: https://www.econbiz.de/10014398707

Fiscal redistribution and social welfare

Coady, David P.; D'Angelo, Devin; Evans, Brooks - 2019

Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal...

Persistent link: https://www.econbiz.de/10012009467

Structural reforms and regional convergence

Spilimbergo, Antonio; Che, Natasha Xingyuan - 2012

Persistent link: https://www.econbiz.de/10009615304

Trade, jobs, and inequality

Beaton, Kimberly; Cerra, Valerie; Hadzi-Vaskov, Metodij - 2021

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...

Persistent link: https://www.econbiz.de/10012605685

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