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When the Asia Pacific Economic Cooperation (APEC) formally adopted the principle of “open regionalism” (OR) in its trade liberalization in 1991, many were optimistic that this approach suggested the bloc as a stepping stone toward global free trade. This optimistic view was reinforced by the...
Persistent link: https://www.econbiz.de/10010991738
mutually, welfare improving. When also foreign firms become active, competition strengthens but domestic welfare declines …
Persistent link: https://www.econbiz.de/10009390601
negotiations and may benefit from bloc formation and intra-bloc migration. Policies are examined in a model where a bloc’s size and … welfare impact are determined by international and regional negotiation costs, bargaining power, accession rule, and intra …-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
for maximization of welfare. …
Persistent link: https://www.econbiz.de/10010991767
Econometric analysis established a negative relationship between labor supply and remittances in Jamaica. We … inflows. In this model, remittances reduce labor force participation by increasing reservation wages of recipients. This … of remittances. …
Persistent link: https://www.econbiz.de/10009415570
This paper discusses the problem of increasing remittances. It is often argued that the remittance fee needs to be … lowered to increase remittances. We show that remittances become larger by increasing the receiving fee whereas they become …, remittances become larger than those without the transfer. It is shown that for this purpose the home country’s government can …
Persistent link: https://www.econbiz.de/10009421182
the welfare implications of such alternative sequences on the various stakeholders within the OECD. The welfare outcomes …
Persistent link: https://www.econbiz.de/10009364807
raise the welfare of the economy while an emigration of unskilled labour is welfare reducing. Also an emigration of skilled …
Persistent link: https://www.econbiz.de/10009364805
This paper investigates the welfare effects of an increase in location subsidy by constructing a general equilibrium … to obtain the analytical welfare effects that have yet to be examined. We find that the subsidy increase improves … (reduces) the domestic (foreign) welfare, regardless of the size of transport costs. However, closer economic integration …
Persistent link: https://www.econbiz.de/10010840710
This study offers an empirical microlevel analysis of the pass-through effects of the East African Community Common External Tariff on consumer prices in Kenya. Using data from the Kenya Integrated Household Budget Surveys conducted in 2005 and 2015, this research employs a fixed-effects model...
Persistent link: https://www.econbiz.de/10014368434