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welfare impact are determined by international and regional negotiation costs, bargaining power, accession rule, and intra …Due to low bargaining power and scarce resources, small developing states face severe disadvantages in international …-bloc migration. The main findings are: (i) bloc formation likelihood, size, and benefit increase with international negotiation costs …
Persistent link: https://www.econbiz.de/10010895315
the span between the start of trade talks and their conclusion. We use data from 88 regional trade agreements between 1988 …The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no … end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on …
Persistent link: https://www.econbiz.de/10010840734
In this paper we test for financial integration among the major European Union countries using a new test, due to Snell(1996), which allows us to confirm or reject covered interest rate parity. Indeed, we offer a new distinction between strong or weak financial integrtion depending on whether or...
Persistent link: https://www.econbiz.de/10010840756
motive. Whereas there is only terms of trade effect of free capital movements across countries in the traditional of trade … disfavors the future them. In the capital-exporting country the bequest-accumulation effect and the terms of trade effect of … the bequest accumulation effect and the bequest reduction effect of the interest rate change caused by international …
Persistent link: https://www.econbiz.de/10010840769
This paper examines the economic rationales and conditions for the emer - gence of multinational enterprises (MNEs). Promoting production efficiency is not sufficient to justify the emergence of an MNE. With taxes in the model, tax authorities heavily tax an MNE’s economic activities, in which...
Persistent link: https://www.econbiz.de/10010840785
emigrants foster exports through both intensive and extensive margins at the micro-level. We show that destinations with more … world have a role to play in bridging the gap between Iranian diaspora and exporters through trade promotion exhibitions and … workshops to encourage greater trade between Iran and the rest of the world. …
Persistent link: https://www.econbiz.de/10012305852
non-tariff barriers (NTBs) to trade as well as to encourage inward foreign direct investment, notwithstanding the Asian … customs tariff is the principal instrument of Korea's trade policy. It accords substantial and highly varied levels of … are designed to reflect the level and structure of tariffs. In addition, some non-tariff barriers to trade are discussed …
Persistent link: https://www.econbiz.de/10010840677
The European Union has increasigly become an actor in its own right in the politics of the international economy. By … virtue of its Common Commercial Policy it has always been a formidable trade policy actor, but over the last twen - ty years … trade and environmental policy actor. It then considers cases where the two roles complement or contradict each other …
Persistent link: https://www.econbiz.de/10010840722
and leads to a maximal sum of regional welfares. …
Persistent link: https://www.econbiz.de/10010840726
choosing open-loop or closed-loop trade policies. In a simple two-period Bertrand duopoly model, it is shown that all subgame …
Persistent link: https://www.econbiz.de/10010840737