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Argentina, a country with positive net agricultural exports and high unemployment rates. In the estimation of these wage and …
Persistent link: https://www.econbiz.de/10012552276
safeguards, and of the interaction of multilateral and regional processes of liberalization. As a result both of Argentina … provides no intra-regional safeguard mechanism, the government of Argentina responded by applying import relief and WTO … safeguards against third countries. The WTO Dispute Settlement Body addressed these measures and as a consequence, Argentina …
Persistent link: https://www.econbiz.de/10012554073
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10012552726
The empirical study of the impact of trade liberalization has not convinced the skeptics about the economic gains after trade reforms. Some have even argued that trade reforms have led to economic collapse and to deindustrialization. Using a sample that excludes countries that were subject to...
Persistent link: https://www.econbiz.de/10012553880
A well developed financial system enhances competition in the industrial sector by allowing easier entry. The impact varies across industries, however. For some, small changes in financial development quickly induce entry and dissipate incumbents' rents, generating strong incentives to oppose...
Persistent link: https://www.econbiz.de/10012553983
The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10012554219
The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, focusing on the role of...
Persistent link: https://www.econbiz.de/10012552573
Are natural resources a blessing or a curse? The authors present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth effect stemming from a...
Persistent link: https://www.econbiz.de/10012553956
This paper assesses the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, they show that knowledge is a significant...
Persistent link: https://www.econbiz.de/10012559802
The challenge of sustaining economic growth over the long term is one that only a few countries have been able to surmount. Slowing momentum in countries like Malaysia and Thailand has led analysts and policy makers to consider what it would take to lift them out of middle-income status, where...
Persistent link: https://www.econbiz.de/10012560394