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Persistent link: https://www.econbiz.de/10012750866
We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document and discuss the rationale for such unilateral measures argue that such measures have the potential to generate positive spillover effects both within and across countries. In a simple...
Persistent link: https://www.econbiz.de/10013150444
The use of Payment for Environmental Services (PES) is not a new type of contract but they have become more in vogue because of the potential for sequestering carbon by paying to prevent deforestation and degradation of forest lands. We provide a framework utilizing transaction costs to...
Persistent link: https://www.econbiz.de/10013087879
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism … a dynamic general equilibrium model of the world economy encompassing four regional blocs. Simulation exercises are …
Persistent link: https://www.econbiz.de/10012760524
It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...
Persistent link: https://www.econbiz.de/10012761657
commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the …, they cannot explain the post-1929 increase in trade costs. Protectionism seems the most likely alternative candidate …
Persistent link: https://www.econbiz.de/10012764519
from moving to a world with frictionless trade. In this model, a country's trade potential depends on only the trade …
Persistent link: https://www.econbiz.de/10012994894
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions …. While that may have been a valid description of the data before the Second World War, it is now inaccurate. In the post …-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers simply do not rise …
Persistent link: https://www.econbiz.de/10013106645
We examine firm participation in global supply chains to help explain a puzzling decline in protectionist demands in the U.S. despite increased import competition and ongoing currency undervaluation. To explain firm responses to undervaluation, we rely on advances in the international trade...
Persistent link: https://www.econbiz.de/10013078827