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The impact of the Japan-Philippine Economic Agreement(JPEPA) can be enriched by providing a regional dimension in its … macro-analysis. Cebu-Japan cooperation largely hinges on Cebu's economic competitiveness which manifests itself through its … exchange loss, driven by the balance of trade deficit between Cebu and Japan, and the foregone corporate income taxes were …
Persistent link: https://www.econbiz.de/10011429770
The United States of America is the top trading partner of the Philippines and also the top destination of highly skilled and professional Filipino workers. This paper explores the possibility of a free trade agreement (FTA) that covers the asymmetries of the two countries in labor, services and...
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Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and emerging economies often does not close. This paper examines credit constraints as one channel held responsible for hampering convergence. Specifically, we extend a Melitz and...
Persistent link: https://www.econbiz.de/10010333786
We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...
Persistent link: https://www.econbiz.de/10010333860
Despite its many advantages, the Eastern and Southern Mediterranean region remains relatively backward in economic and social terms and is rightly considered a potential source of social and political instability. Its average GDP per capita lags behind the global average and is increasing slowly...
Persistent link: https://www.econbiz.de/10010326566
The last two decades have witnessed a tremendous increase in global trade and investments. This has been followed by a shift in the pattern of FDI inflow, which had gradually become more favorable to the developing countries. Consequently, this resulted in an increase in competition among...
Persistent link: https://www.econbiz.de/10011429841
The idea of a Deep and Comprehensive Free Trade Agreement goes beyond the traditional concept of trade liberalization and, apart from the elimination of tariffs in trade of goods, it also includes the reduction/ removal of non-tariff barriers, the liberalization of the investment regime, the...
Persistent link: https://www.econbiz.de/10011430891