Showing 1 - 10 of 161
The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key...
Persistent link: https://www.econbiz.de/10012009997
Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that...
Persistent link: https://www.econbiz.de/10014400671
implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for … effects resulting from the two sequencing alternatives (customs union and WTO or the reverse). The results show that, from a … consumer surplus standpoint, it would be preferable to join the WTO ahead of the EAEC customs union. This paper does not …
Persistent link: https://www.econbiz.de/10014400926
This paper considers the problem of allocation of investment for a debtor country that faces a ceiling on the amount of foreign debt it can accumulate. It shows that it is optimal for the debtor country to create a more open economy by favoring investment in the export sector over investment in...
Persistent link: https://www.econbiz.de/10014396037
Export credit agencies (ECAs) have played a critical role in financing for developing countries in recent years, and officially supported export credits have been growing in volume. The current export credit exposure to developing countries and economies in transition has reached almost half a...
Persistent link: https://www.econbiz.de/10014403344
Persistent link: https://www.econbiz.de/10013169885
discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption … frameworks to incentivize public officials to make decisions in the best public interest; and (3) transparency, accountability …
Persistent link: https://www.econbiz.de/10012604784
Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via … countries by applying sentiment analysis to Financial Times articles over 2005-18. This sentiment-enhanced corruption perception … index (SECPI) captures not only the frequncy of corruption related articles, but also the articles' sentiment towards …
Persistent link: https://www.econbiz.de/10012605593
This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern Caribbean Currency Union. A Monte Carlo experiment is used to estimate the size of a RSF conditional on probabilities of depletion under specific saving-withdrawal rules. Results...
Persistent link: https://www.econbiz.de/10012605596
of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The …This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result … paper acknowledges the authorities' anti-corruption efforts made so far and proposes further critical reforms to reduce …
Persistent link: https://www.econbiz.de/10012022067